Signs of a strong corporate earnings season lifted demand for risky equities
Sectorally, only the Nifty FMCG index closed in the green. Nifty Media, Metals and Realty indices declined over 2% each and were the top laggards
In the global markets, mainstream indices in Japan, South Korea. and Australia declined in the range of 0.35 to 0.96 per cent
Sectorally, only pharma and realty stocks showed some strength. Nifty Realty gained 0.43% and Nifty Pharma 0.24%. Nifty Private Bank index witnessed heavy profit-taking as the index slipped over 2%
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)
Telecom major Airtel, Ultratech Cement, Tata Steel and PowerGrid emerged to best performers
The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each
On stock-specific front shares of Wipro added 2.52 per cent to Rs 575.75 ahead of its Q1 numbers
HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers
Tech Mahindra, HCL Technologies and Infosys were the top performers in the 30-pack Sensex while Maruti, HUL and Nestle were the worst laggards
In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue
Sectorally, Nifty Media, IT and FMCG indices ended in the red. Nifty Financial Services index, with a gain of 1.18 per cent was the best sectoral performer, followed by Nifty Private Bank index
ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex
Sectorally, the realty stocks were in demand with the Nifty Realty index hitting all-time high of 382.25 in intraday session
The broader markets, on the flipside, outperformed the benchmarks with the BSE MidCap and SmallCap indices rallying 0.40 per cent and 0.75 per cent, respectively
Indian Equities declined in-line with Asian peers on Friday as rapidly spreading Delta variant of Covid-19 in the region fanned fears of a stalled growth
The broader markets, on the flipside, settled about half a per cent higher.
Despite a weakness in the secondary market, investor participation remained healthy in the primary market
Sectorally, all but IT index closed in the red with the Nifty Metal and PSU Bank indices leading the list of losers, down over 2 per cent each
Tata Steel, JSW Steel, Bajaj Finserv, Hindalco, UPL, Nestle India, HDFC, IndusInd Bank, and Adani Ports ended as the top gainers on the benchmarks, up between 1 per cent and 5 per cent