MUMBAI, Dec 20 : The equity market witnessed a losing streak for the fifth consecutive session on Friday, with Sensex plunging 1176.46 pts to settle at 78,041.59 on weak global peers.
The National Stock Exchange (NSE) slipped 364.20 pts at 23,587.50.
The impact of the Federal Reserve’s decision to cut interest rates by 50 basis points was seen today too, as the Sensex was positive at 79,335.48, recovering 117 pts. It further gained 369 pts at 79,587.15, a day high. Later, it erased earlier gains and nosedived 1344 pts at 77,874.59, day low, before closing at 78,041.59, slumping 1176.46 pts from its previous close.
The Nifty registered days high and low at 24,065.80 pts and by 23,537.35 pts respectively.
The stocks that dragged the market were Realty by 4.07 pc, Power by 3.55 pc, Capital Goods by 3.02 pc and Industrials by 2.67 pc.
The Mid-cap fell by 2.43 pc and the Small-cap by 2.11 pc.
In 30 scrips, 2 advanced while 28 declined.
The losers were Tech Mahindra by 3.92 pc to Rs 1686.15, IndusInd Bank by 3.53 pc to Rs 930, Axis Bank by 3.36 pc to Rs 1071.25, and M & M by 3.19 pc to Rs 2918.90.
The gainers were JSW Steel by 0.52 pc to Rs 930.25, Nestle India Ltd by 0.25 pc to Rs 2166.60, and Titan by 0.07 pc to Rs 3357.65.
(UNI)
Follow our WhatsApp channel
