Sensex Today | Stock Market Highlights: Sensex, Nifty snap 2-day rally; rupee breaches 96/$ for first time
Sensex Today | Stock Market Highlights: Benchmark indices ended lower on Friday, snapping a two-day gaining streak, as weakness in metal, FMCG, and heavyweight stocks dragged the market lower. The Sensex fell 161 points to close at 75,238, while the Nifty settled 46 points lower at 23,644. Nifty Bank declined 419 points to 53,710, while the Midcap index fell 273 points to 60,567.
The Sensex fell 161 points to close at 75,238, while the Nifty settled 46 points lower at 23,644. Nifty Bank declined 419 points to 53,710, while the Midcap index fell 273 points to 60,567.
Hindalco, Tata Steel, Reliance Industries and Nestle India were among the top losers on the Nifty. Broader markets underperformed the benchmarks, with the NSE advance-decline ratio at 1:2 in favour of declines.
Among stocks, Tata Motors’ passenger vehicle business gained over 5% after reporting better-than-expected Q4 results. United Spirits rose 4% after its quarterly earnings beat estimates, while Voltas fell 5% after margin contraction weighed on sentiment. Despite reporting strong quarterly numbers, JSW Steel ended over 1% lower.
The rupee hit a record low of 96.14 against the US dollar intraday and weakened by more than ₹1.60 during the week.
For the week, benchmark indices snapped a two-week gaining streak, with both the Sensex and Nifty falling nearly 2%. Nifty Realty and IT emerged as the worst-performing sectoral indices, dropping 6-8%, while all Nifty IT stocks ended lower for the week, with LTIMindtree falling 9%. Nifty Bank also declined nearly 3%, led by a more than 6% drop in IndusInd Bank.
