Indian equity indices ended with losses for the sixth consecutive session; All the sectors ended in red; Broader market indices also ended lower

POST MARKET

The equity benchmark indices Sensex and Nifty ended under selling pressure for the sixth straight session on Friday, weighed down by heavy selling in IT, pharma, and PSU bank shares.

At close, the Sensex was down 733.22 points or 0.90 percent at 80,426.46, and the Nifty was down 236.15 points or 0.95 percent at 24,654.70. About 912 shares advanced, 2828 shares declined, and 106 shares were unchanged.

IndusInd Bank, Sun Pharma, M&M, Eternal, Tata Steel were among the biggest losers on the Nifty, while gainers included L&T, Tata Motors, Eicher Motors, Reliance Industries, and ITC.

All the sectoral indices ended in the red with bank, capital goods, consumer durables, metal, IT, telecom, pharma, and PSU Bank down 1-2 percent.

Among the broader market indices, the BSE midcap and smallcap indices shed 2 percent each.

STOCKS TODAY

PC Jeweller

Jewellery stocks dropped in trade as investors remained concerned over the possibility of slowing demand amid record-high gold prices. Gold and silver prices have been hitting fresh record highs consecutively for several sessions this month, dodging market volatility.

L&T

Shares of Larsen and Toubro are higher by 2.34 percent, as investors welcomed the clarity on financials after the Telangana government agreed to take over Phase-I of the Hyderabad Metro project for a payment of Rs 2,000 crore, along with taking over the debt worth Rs 13,000 crore, a report by news agency PTI said.

Waaree Energies

The shares of Waaree Energies dropped almost 7 percent on September 26 after US customs officials said that they were investigating the Indian company over suspected tariff evasion.

Glenmark Pharmaceuticals

The shares went down 2.89 percent after U.S. President Donald Trump announced a 100 percent tariff on imports of branded or patented drugs from October 1, unless the manufacturer is setting up a production facility.

Carysil

The shares of Carysil plunged as much as 5 percent on September 26 after US President Donald Trump announced a 50 percent tariff on imported kitchen cabinets and bathroom vanities, and a 30 percent tariff on upholstered furniture.

Source – Money Control