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Sensex falls 992 pts from day

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MARKET LIVE: Nifty50 slips below 15,800, Sensex sheds 100 pts; Autos shine

CLOSING BELL

Stock market highlights: 

Fag-end selling engulfed the markets on Friday as investors booked profit in banks and metal stocks. With this, the markets ended lower for the sixth straight day despite upbeat global mood.

The S&P BSE Sensex slumped 992 points from the day’s high to end at 52,794, down 137 points or 0.26 per cent. SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender’s Q4 missed Street’s estimates. READ MORE

NTPC, ICICI Bank, Axis Bank, Maruti Suzuki, Airtel, HDFC twins, and Bajaj twins were the other draggers.

On the NSE, the Nifty50 shut shop at 15,782, down 26 points or 0.16 per cent, after hitting an intra-day high of 16,084. Meanwhile, in the broader market, the BSE SmallCap index added over 1.3 per cent and the BSE MidCap index gained 0.6 per cent.

Sectorally, the Nifty Metal index fell 2 per cent, followed by the Nifty Bank index (down over 1 per cent). On the upside, the Nifty Auto index gained 2.5 per cent led by Tata Motors. Shares of the Tata Group company settled over 8 per cent higher as investors cheered the company’s long-term growth prospects. READ MORE

Primary market update (as of 3:30 PM)

Delhivery IPO: Issue subscribed 1.5 times so far on final day with QIB portion at 2.6x; NII at 5 per cent; retail at 54 per cent; and employees at 25 per cent.

Venus Pipes and Tubes: Issue subscribed 14.4 times so far with retail portion at 17.7 times; NIi at 14 times; and QIB at 8.8 times. 

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