• Sensex dropped 135 points, Nifty below 15,300

    Business
    Sensex dropped 135 points, Nifty below 15,300

    The Nifty Pharma index was the hardest impacted, down over 2% on the NSE, while the Nifty Bank index gained the most, up 0.75 percent.


    Digital Desk: On Friday,
    the S&P BSE Sensex traded in violent swings as investors remained concerned
    about the global growth outlook. The 30-pack index fluctuated 732 points
    intraday before settling at 51,360, down 135 points, or 0.26 percent.



     



    Meanwhile, the NSE Nifty50 ended the day at 15,294, down 67
    points or 0.44 percent. The top Nifty gainers were Bajaj twins, Coal India, JSW
    Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank, which all rose
    between 0.8 and 3%.



    Titan Company, Wipro, HDFC Life, Shree Cement, BPCL, Dr
    Reddy's Labs, and Asian Paints, on the other hand, were the biggest drags,
    falling up to 6%.



     



    The
    Nifty Pharma index was the hardest impacted, down over 2% on the NSE, while the
    Nifty Bank index gained the most, up 0.75 percent.



     



    The
    BSE MidCap and SmallCap indices lagged the benchmarks and fell by up to 0.9
    percent in the broader markets.



     



    Global markets



     



    European
    markets were higher on Friday, but the week ahead looked bleak as global stocks
    reacted to major central banks' policy tightening. Following an uncertain
    start, the Stoxx 600 index rose 0.8% in early trade.



     



    Futures
    linked to headline indexes advanced between 0.8 and 1.2 percent on Wall Street.
    Earlier in Asia, the Nikkei sank around 2%, the Kospi fell 0.43 percent, and
    the Hang Seng rose 1%.