Closing Bell: Sensex Ends Below 79,300; Nifty Closes 200 Points Lower; Most Sectors Settle In Red

Equity market wrapped up the week on a negative note after a volatile trading session on Friday. The BSE Sensex slipped 588.90 points, or 0.74%, to close at 79,212.53, while the NSE Nifty 50 fell 207.35 points, or 0.86%, settling at 24,039.35. Weak global cues, profit booking in heavyweight stocks, contributed to the day's decline, capping off a choppy week for investors.

Indian stock market started the Friday's session on choppy note and continued to remain volatile during the first half of the trading session today.

Earlier, Sensex touched an intraday high of 80,130.66, however, later fell more than 1000 points. Whereas, Nifty 50 soared to hit an high of 24,365.45, but later fell below 23,900. Bank Nifty, on the other hand, dipped nearly 265 points. A mixed trend was recorded in sectoral indices, with strong rally in IT stocks.

Companies like Reliance Industries, Maruti Suzuki, Hindustan Zinc, RBL Bank, Shriram Finance, Tata Tech, Tejas Network, and VST will be in focus for its upcoming Q4 results which are scheduled for April 25th.

In the previous session, Indian market halted their 7-days winning streak with Sensex ending at 79,801.43, down by 315.06 points or 0.39%. While Nifty 50 finished at 82.25 points or 0.34% to 24,246.70.

As per Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services,
Indian equities took a breather after a 7-day rally, with Nifty50 ending 82 points lower at 24,247(-0.3%); as investor sentiments turned cautious amid mixed global cues. Profit booking was seen in some of the index heavyweights, which contributed to the decline in the benchmark indices. Both Nifty Midcap100 and Smallcap100 managed to end on a flat note. Among the sectoral indices, Realty and FMCG were among the top laggards, shedding over 1% each. FMCG stocks declined following weaker-than-expected margin guidance from HUL, though the Q4 numbers were largely in line for the FMCG companies that have declared results so far. On the other hand, Nifty Pharma was up 1%; while Healthcare and Metal indices closed marginally higher. FII buying continued for the sixth consecutive day with inflows of ~Rs3,300 crores on Wednesday, supporting the market sentiment.

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