New Delhi | Jagran Business Desk: The Indian equity market Sensex slipped 12.27 points to end at 61,223.03 on Friday while the broader Nifty fell 2.05 points to end at 18,255.75. The negative trend was witnessed following the selling pressure in banking, auto and FMCG stocks.

The 30 stock S&P Sensex of the Bombay Stock Exchange was trading at 61,139.29 points at 1.50 pm, which is 96.01 points or 0.16 per cent lower when compared with its previous day's close at 61,235.30 points. Earlier the Sensex opened sharply down at 61,040.32 points and slumped to a low of 60,757.03 points.

The broader Nifty 50 of the National Stock Exchange was trading at 18,246.55 points, which is 0.06 per cent or 11.25 points down from its previous day's close at 18,257.80 points. There was selling pressure in banking stocks. Axis Bank slumped 2.59 per cent to Rs 721.25. State Bank of India fell 0.70 per cent to Rs 507.70.

Market Updates Friday:

Asian Paints 2.83 per cent down at Rs 3358.85; Hindustan Unilever 1.99 per cent down at Rs 2367.95; Nestle India 1.67 per cent down at Rs 19347.90; Bharti Airtel 1.51 per cent down at Rs 720.50; HDFC 1.49 per cent down at Rs 2714.50 and Wipro 1.32 per cent down at Rs 641.85 were among the major Sensex losers.

There was good buying support in IT stocks. Infosys surged 1.48 per cent to Rs 1925. TCS jumped 0.96 per cent to Rs 3935.19.

Other major Sensex gainers were: L&T 1.49 per cent higher at Rs 2048.25; HDFC Bank 0.87 per cent higher at Rs 1541.95; NTPC 0.48 per cent higher at Rs 135.60; Kotak Bank 0.40 per cent higher at Rs 1934.50 and Tech Mahindra 0.32 per cent higher at Rs 1724.45

Equity benchmark Sensex tumbled over 400 points in opening trade on Friday, tracking heavy selling pressure across counters amid a negative trend in global markets. The BSE index was trading 434.59 points or 0.71 per cent lower at 60,800.71 in early trade. Likewise, the Nifty declined 111.10 points or 0.61 per cent to 18,146.70.

HCL Tech was the top loser in the Sensex pack, shedding 2.49 per cent, followed by Asian Paints, HDFC, Axis Bank, Wipro, HUL and Tech Mahindra.

On the other hand, Reliance Industries, Maruti, Titan and Bajaj Finance were the only gainers in the pack.

In the previous session, the 30-share BSE Sensex ended 85.26 points or 0.14 per cent higher at 61,235.30. Similarly, the NSE Nifty advanced 45.45 points or 0.25 per cent to 18,257.80.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with heavy losses in mid-session deals.

Asian stocks dropped on Friday after a raft of Federal Reserve officials signalled they will combat inflation aggressively and the Nasdaq 100 fell to its lowest level since October, Deepak Jasani, Head of Retail Research, HDFC Securities, said.

"US stocks closed down on Thursday, as a rebound in technology shares stalled out, snapping a three-day winning streak for the Nasdaq Composite," he added.

Stock exchanges in the US ended on a negative note in the overnight session.

Meanwhile, international oil benchmark Brent crude fell 0.15 per cent to USD 84.34 per barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 1,390.85 crore on Thursday, according to stock exchange data.

Updates from Thursday:

Following a choppy session, the Indian stock market ended in green, tracking gains in index majors Infosys, Tata Steel and L&T. The BSE Sensex ended 85.26 points or 0.14 per cent higher at 61,235.30 while the NSE Nifty advanced 45.45 points or 0.25 per cent to 18,257.80.

Tata Steel was the top gainer in the Sensex pack, jumping over 6 per cent, followed by Sun Pharma, L&T, M&M, PowerGrid, Bajaj Finserv, TCS and Infosys. On the other hand, Wipro, Asian Paints, HDFC Bank, IndusInd Bank and HCL Tech were among the laggards.

Updates from Wednesday:

Sensex soared 533.15 points to settle at 61,150.04 in closing trade while Nifty rose 156.60 points to 18,212.35 on Wednesday. In the opening session, the BSE Sensex zoomed nearly 400 points to reclaim the key 61,000-level, buoyed by expectations of a good quarterly earnings season.

On the Sensex chart, UltraTech Cement, RIL, IndusInd Bank, Bharti Airtel, Kotak Bank and Tata Steel were among the major gainers. In contrast, TCS, Dr Reddy's, Titan, Maruti and Wipro were among the major laggards.

Updates from Tuesday:

Sensex climbed 221.26 points in the closing trade on Tuesday to end at 60,616.89 while Nifty was up by 52.45 points to 18,055.75.  In the morning session, Sensex gained 135.29 points to 60,530.92 in early trade while Nifty was up 47 points at 18,050.30.

Updates from Monday:

The BSE Sensex shot up over 650 points to surge past the 60,000-level while the NSE Nifty settled above 18,000 on Monday as participants showed keen interest in IT and financial shares ahead of the Q3 earnings season.

Rising for the second straight session, the 30-share BSE benchmark hit the day's high of 60,427.36, before ending at 60,395.63, higher by 650.98 points or 1.09 per cent. Likewise, the broader NSE Nifty climbed 190.60 points or 1.07 per cent to settle at 18,003.30.

On the Sensex chart, Titan, Maruti, SBI, L&T, SBI, HDFC and Kotak Bank emerged as prominent gainers, advancing as much as 3.29 per cent. In contrast, Wipro, Nestle India, Asian Paints and PowerGrid were among the major laggards, shedding up to 2.47 per cent. Market breadth was positive, with 20 of the 30 Sensex counters posting gains.

Analysts said the Q3 corporate results announcements starting this week from the IT majors and HDFC Bank are likely to set the trend for the crucial tech and banking segments.

"Amid weak global markets and rising COVID cases, the domestic market displayed strong momentum on expectations of a healthy start to the earnings season. PSU Banks led the sectorial rally as reports suggested an increase in FPI limits while the realty sector followed the trend on robust sales numbers and expectations of support measures in the upcoming budget.

"Globally, bourses were muted as reports of record-high Eurozone inflation at 5 per cent kept investors on edge while awaiting the release of the US inflation data later this week which is expected to remain elevated," said Vinod Nair, Head of Research at Geojit Financial Services.

(With inputs from agencies)

Posted By: Subhasish Dutta