Markets end lower on Friday - LuvKush Finserve

Markets ended lower on Friday on back of profit-booking in rate-sensitive sectors and index-heavyweights after benchmark indices surged for four consecutive trading days. Meanwhile, investors also preferred to remain on the side-lines ahead of the Reserve Bank of India's monetary policy meet.

The Bombay Stock Exchange's Sensex fell 120 points to end at 19,286.72 while the National Stock Exchange's Nifty declined 44.85 points at 5,871.45. The Sensex has risen 1,114 points in past 2 weeks while Nifty surged 365 points since April 12 on back of inflows from foreign institutional investors who have net bought Rs 29 billion worth of shares this month so far.

The key sectoral indices such as IT, oil & gas, FMCG, real-estate, power and bankex declined while automobile and capital goods sector gained on the BSE.

The gainers on the Sensex included, Maruti Suzuki soaring 5%, Bharti Airtel gained 4.7%, Bajaj Auto rose 3%, GAIL is up 1.5% while HDFC added 1.4% on the BSE.

The laggards included counters such as Reliance Industries declined 3%, Jindal Steel fell 2.8%, HUL shed 2.7%, TCS dropped 2.3% on the BSE. The broader markets dropped with mid-caps and small-caps falling 0.5-0.6% on the BSE.

Source : Equity Bulls

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