Indian stock markets ended the highly volatile trading session on a consolidated note on Friday. The Sensex closed with marginal losses while the Nifty settled with slight gains tracking weak cues in global markets.
Uncertainty surrounding US trade policy, selling pressure in IT stocks, and persistent foreign fund outflows further dented the market sentiment.
The 30-share BSE Sensex lost 7 points to settle at 74,332; while the NSE Nifty gained 7 points to close at 22,552.
From the Sensex pack Reliance Industries, Nestle India, Tata Motors, Adani Ports and Tata Steel were the top gainers; whereas Zomato, IndusInd Bank, NTPC, Infosys and HCL Tech were among the top losers.
On the sectoral front Capital goods, Media, Oil & Gas, Metals, Auto and Telecom stocks led the market momentum; while IT, Power, Healthcare, Private Sector Banks and Realty stocks dragged the market down.
Almost all Asian Markets ended in red, including Japan’s Nikkei, Hong Kong’s Hang Seng, Seoul’s Kospi and China’s Shanghai Composite.
European markets were trading in negative territory. Wall Street ended lower on Thursday.
Foreign Institutional Investors were net sellers on Thursday as they offloaded equities worth over 2,377 crore rupees.