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Market Highlights: Sensex slips 125 points, Nifty ends below 17,600-mark; Metals, PSU Banks drag – The Indian Express

Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) erased all of their day’s gains after lifetime highs and ended marginally lower on Friday amid profit booking.

The S&P BSE Sensex slipped 125.27 points (0.21 per cent) to end at 59,015.89 while the Nifty 50 settled at 17,585.15, down 44.35 points (0.25 per cent). Earlier in the intraday trade, the Sensex had touched a record high of 59,737.32, while the Nifty has scaled 17,792.95.

Kotak Mahindra Bank was the top gainer on the Sensex pack ending over 5 per cent higher. It was followed by Bharti Airtel, HDFC Bank, Maruti Suzuki India, Nestle India and Bajaj Finserv. However, on the other hand, Tata Steel was the top laggard on the BSE benchmark falling over 3.5 per cent. It was followed by State Bank of India (SBI), Tata Consultancy Services (TCS), Hindustan Unilever (HUL), Reliance Industries (RIL) and Sun Pharmaceutical Industries.

Among the sectoral indices on NSE, the Nifty PSU Bank index crashed 2.96 per cent weighed by Punjab National Bank (PNB), Bank of Baroda and Indian Overseas Bank (IOB). The Nifty Metal index fell 2.38 per cent dragged by Tata Steel, Steel Authority of India (SAIL) and MOIL.

In the broader market, the S&P BSE MidCap index ended at 25,046.48, down 290.08 points (1.14 per cent) while the S&P BSE SmallCap settled at 28,006.79, down 299.26 points (1.06 per cent). The vlatility index or India VIX surged 5.68 per cent to 15.2325.

(with inputs from agencies)

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