India's stock benchmarks finished lower on Friday, with selling centered in the Public Sector Undertakings, Banking and Oil & Gas segments. At the close on the National Stock Exchange (NSE) the Nifty 50 was down 0.60%. The BSE Sensex 30 declined 0.66% at the close.
Notable winners and losers
Among Nifty constituents, Titan Company Ltd (NSE:TITN) was the session's top performer, rising 4.86% or 209.50 points to close at 4,517.00. Apollo Hospitals Enterprises Ltd. (NSE:APLH) advanced 3.42% or 268.00 points to finish at 8,105.00, and Asian Paints Ltd. (NSE:ASPN) added 2.74% or 69.40 points to trade at 2,600.00 at the close.
On the downside, State Bank Of India (NSE:SBI) fell sharply, losing 6.73% or 73.50 points to end at 1,018.50. Coal India Ltd (NSE:COAL) dropped 2.07% or 9.65 points to 457.00, and Bajaj Finance Ltd (NSE:BJFN) declined 1.88% or 18.25 points to 954.50.
Turning to the BSE Sensex 30, Titan Company Ltd (BO:TITN) rose 4.64% to 4,508.45, Asian Paints Ltd. (BO:ASPN) gained 2.79% to settle at 2,600.00, and Adani Port and Special Economic Zone Ltd (BO:APSE) was up 1.57% to close at 1,760.00.
The weakest names on the Sensex included State Bank Of India (BO:SBI), which was down 6.75% to 1,018.05 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 1.83% to settle at 781.25, and Bajaj Finance Ltd (BO:BJFN) which was down 1.76% to 955.40 at the close.
Market breadth and record highs
Decliners outnumbered advancers on both major exchanges. On the NSE, 1,383 issues fell and 1,143 advanced, while 44 stocks ended unchanged. On the Bombay Stock Exchange, 2,004 stocks declined, 1,953 advanced and 176 were unchanged.
Shares of Apollo Hospitals Enterprises Ltd. (NSE:APLH) rose to an all-time high, gaining 3.42% or 268.00 to 8,105.00. Shares in Adani Port and Special Economic Zone Ltd (BO:APSE) also rose to an all-time high, up 1.57% or 27.15 to 1,760.00.
Volatility, commodities and currencies
The India VIX, the implied volatility gauge for Nifty 50 options, increased 1.82% to 16.92.
In commodities trading, Gold Futures for June delivery rose 0.42% or 19.66 to $4,730.56 a troy ounce. Crude oil for June delivery fell 0.14% or 0.13 to $94.68 a barrel, while the July Brent oil contract was unchanged at $100.06 a barrel.
On currency moves, USD/INR was unchanged at 94.31, and EUR/INR rose 0.64% to 111.21. The US Dollar Index Futures was down 0.15% at 97.80.
Session snapshot
- Nifty 50 -0.60%
- BSE Sensex 30 -0.66%
- India VIX +1.82% to 16.92
- Top Nifty winner: Titan Company Ltd (NSE:TITN) +4.86%
- Top Nifty loser: State Bank Of India (NSE:SBI) -6.73%
This session closed with a clear tilt toward selling across the exchanges, with notable divergence among large-cap names where several consumer and healthcare stocks advanced even as major public-sector and banking names lagged.