Sensex Falls 233 Points, Nifty Closes At 17,153; Consumer Durables And IT Stocks Drag   

Titan, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards, losing upwards of a per cent each

New Delhi: The key domestic equity benchmarks, Sensex and Nifty, on Friday settled in the red due to high volatility, mostly dragged by consumer durables and information technology stocks.   

The 30-share BSE Sensex declined 233 points (0.41 per cent) to close at 57,362, while the broader NSE Nifty moved 70 points (0.40 per cent) lower to settle at 17,153.

Out of 30 Sensex stocks, 22 stocks on the BSE while 37 of the 50 Nifty50 stocks settled in the negative zone.

Titan, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards, losing upwards of a per cent each.

On the upside, Bajaj Auto, Adani Ports, SBI, Dr Reddy's Labs, JSW Steel, Asian Paints, RIL, and SBI were the major gainers, up between 0.7 per cent and 2 per cent. 

The broader markets, too, closed in the negative zone. The BSE Midcap and Smallcap indices dipped 0.3 per cent each.

Among sectors, the Nifty Realty index was the top gainer, up 1.2 per cent. On the flipside, the Nifty Consumer Durable index was the worst hit, down over 2 per cent, followed by the Nifty IT and FMCG indices, down up to 1 per cent.

In the previous session on Thursday, Sensex had slipped 89 points to close at 57,596, while Nifty had moved 23 points lower to settle at 17,223.

"The Indian equity market continue to be in a grind, influenced by and reacting to incremental news flow on the global front, especially related to the geopolitical situation and Fed rhetoric. The two key challenges and monitorables for the markets in the near term are the persistent inflationary pressures and the rising bond yields," said Milind Muchhala, Executive Director, Julius Baer.

Elsewhere in Asia, bourses in Shanghai and Hong Kong ended lower, while Tokyo and Seoul settled with marginal gains.

Stock exchanges in the US ended higher in the overnight session.

Meanwhile, international oil benchmark Brent crude declined 1.44 per cent to $117.32 per barrel.

Foreign institutional investors (FIIs) turned net sellers in the capital market, as they sold shares worth Rs 1,740.71 crore on Thursday, according to stock exchange data.