The Sensex and Nifty continued their opening losses and slipped over half a per cent in Friday’s midday transactions, dragged principally by personal banks and Reliance Industries.
The S&P BSE Sensex dropped 300 factors to 49,300 and the Nifty 50 index fell below 14,550. Tech Mahindra, Axis Financial institution, and Asian Paints fell 2 per cent every and have been the highest Sensex losers. Reliance Industries (RIL) additionally slipped 1 per cent forward of its Q3 earnings outcomes later at present. Nevertheless, Bajaj Auto rose as a lot as 8 per cent on the again of almost 5 per cent bounce in Q3 web revenue.
The 2-wheeler maker’s revenue in October-December interval rose 23 per cent to Rs 1,556 crore towards Rs 1,262 crore throughout the identical quarter final 12 months.
SBI Card gained as a lot as 4 per cent whereas Biocon fell 9 per cent after saying their December third quarter outcomes.
All of the Nifty sectoral indices have been within the pink, besides Nifty Auto index, which was buying and selling 2 per cent increased.
The S&P BSE Sensex and NSE Nifty 50 indexes edged decrease on Friday owing to weak spot in banking and IT shares. Nevertheless, the losses have been capped on the again of shopping for in auto shares a day after Bajaj Auto’s quarterly revenue outcomes.
The Sensex fell as a lot as 177 factors to 49,447 and Nifty 50 index briefly fell under its vital psychological stage of 14,550.