Indian shares gave up early gains and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surprise move on Thursday.

The NSE Nifty 50 index  closed down 0.81% at 11,921.50 at Friday's close and the S&P BSE Sensex  ended 0.82% lower at 40,445.15.

For the week, the NSE and BSE indexes lost 1.12% and 0.85%, respectively.

The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade.

The Nifty state-owned banking index  was down 4.39% and ended as the day's biggest laggard among sectors.

Yes Bank  dropped over 10%, while Bharti Infratel  gained 5.55% among stocks


0 thoughts on “Nifty Sensex end lower as state owned banks weigh”

Post Comment

  Intraday Tips

Buying and selling recommendation given for intraday trading is called as intraday tips. Accurate intraday calls are commonly provided in all segments such as equity, nifty future, nifty option, stock future and commodities. In today's trend intraday tips are also called as day trading calls.

Daily News