Market on Friday | Bears back in action; Sensex tumbles 1,097 pts, Nifty slips to 24,450
Indian benchmark indices failed to sustain the previous session’s momentum and slipped more than 1 percent on March 6, with the Nifty settling at 24,450 amid selling pressure across the sectors, especially in financial and realty stocks.
At close, the Sensex was down 1,097 points or 1.37 percent at 78,918.90, and the Nifty was down 315.45 points or 1.27 percent at 24,450.45.
Broader indices outperformed with Nifty Midcap index falling 0.7 percent, and Smallcap index down 0.2 percent.
For the week, BSE Sensex and Nifty fell nearly 3 percent each.
Among Nifty constituents, ICICI Bank, Eternal, Shriram Finance, Axis Bank, and UltraTech Cement were the top losers, while Bharat Electronics, Reliance Industries, NTPC, ONGC, and Sun Pharma emerged as the key gainers.
Sectoral indices ended on a mixed note. Auto, realty, PSU Bank, and private bank indices declined 1-2 percent. On the other hand, the defence index surged nearly 3 percent, while Capital Goods index rose 1.3 percent and Power index gained 0.4 percent.