NDTV Profit

Sensex Snaps 4-Day Record Breaking Rally, Ends 17 Points Lower; IT Stocks Drag

Infosys, which reported better-than-estimated-earnings today and revised its dollar revenue guidance upward, closed 0.51 per cent lower at Rs 972.05.
EMAIL
COMMENTS
Sensex Snaps 4-Day Record Breaking Rally, Ends 17 Points Lower; IT Stocks Drag

Indian shares ended marginally lower on Friday snapping their four-day record breaking rally as traders rushed to book profit in recent gainers. The BSE benchmark Sensex closed 16.63 points lower at 32,020.75 while the Nifty50 index shed 5.35 points to close at 9,886.35 as gains in energy and pharma shares were offset by losses in IT and auto stocks. Both Sensex and Nifty have rallied around 2 per cent in this week.

"At higher levels, you will find some kind of profit-booking. Broadly, the undertone is positive," said Siddharth Sedani, head and vice president, equity advisory at Anand Rathi.

Infosys, which reported better-than-estimated-earnings today and revised its dollar revenue guidance upward, closed 0.51 per cent lower at Rs 972.05 after gaining as much as 3 per cent during intraday trade. Meanwhile, TCS, which reported its earnings post market hours on Thursday, closed 2 per cent lower as it failed to meet Street estimates. The IT sub-index of NSE, Nifty IT fell 1.05 per cent. It was the biggest sectoral loser in the market today.



However, pharma and energy shares witnessed buying today with their respective sectoral indices on NSE gaining 0.84 per cent and 0.77 per cent respectively. Aurobindo Pharma, Cipla, Biocon, Sun Pharma, were among the biggest gainers in the pharma sector rising between 0.5-9 per cent.

Among Nifty stocks, Aurobindo Pharma was the top gainer, up 5.87 per cent, followed by Gail India, ACC, NTPC and Bharti Infratel. Indian Oil Corporation (IOC), which fell 2.06 per cent, was the top loser in Nifty. TCS, Tata Motors, Wipro, Tata Motors DVR were the other major losers in the Nifty. Out of the 51 shares in the Nifty50 basket, 24 ended higher while 26 closed lower.(With agency inputs)



For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Fixed Deposit Interest Rates Offered By SBI, ICICI Bank, HDFC Bank, PNB

Advertisement

Advertisement

GAINERS / LOSERS