Share Market Update: Sensex Ends 407 Pts Lower, Nifty Below 11,750; YES Bank, Maruti Top Losers

Domestic benchmark indices BSE Sensex and NSE Nifty snapped its three-day winning streak and extended losses in Friday’s last-hour training session.

As many as seventeen of 19 sector gauges compiled by BSE ended on a lower note. (Image: PTI)

Share Market Update: Domestic benchmark indices BSE Sensex and NSE Nifty snapped its three-day winning streak and extended losses in Friday’s last-hour trading session. According to market reports, the S&P BSE Sensex was down 407.14 points at 39,194.49, while the broader Nifty was down 107.70 points at 11,724.10. Indices were largely dragged by huge losses in index heavyweights HDFC and Reliance Industries amid rising geopolitical tensions in the Middle East. The index hit an intra-day low of 39,121.30 and a high of 39,617.95. During the day, the index touched a low of 11,705.10 and a high of 11,827.95. While Yes Bank was the top loser in the Sensex pack, dropping 4.36 per cent, shares of Maruti, HDFC, Hero MotoCorp, Sun Pharma, HUL, Kotak Bank, Coal India, RIL, TCS and Bharti Airtel tanked up to 3.39 per cent. SBI, IndusInd Bank, Vedanta, NTPC, M&M and Axis Bank finished with gains of up to 1.28 per cent. Market experts attributed the sharp fall in domestic bourses to rising tensions between the US and Iran. As many as seventeen of 19 sector gauges compiled by BSE ended on a lower note led by the S&P BSE Auto Index's 1.32 per cent decline. Other sectors including Telecom, Energy, FMCG, Healthcare, Consumer Discretionary Goods & Services and Oil & Gas Indexes also rose between 0.8 and 1 per cent each. Even the mid and small cap shares ended on a mixed note as the S&P BSE MidCap Index fell 0.4 per cent while the S&P BSE SmallCap Index rose 0.14 per cent. Brent crude futures, the global oil benchmark, rose 0.51 per cent to USD 64.78 per barrel. On the currency front, the Indian rupee depreciated 11 paise to 69.55 against the US dollar intra-day. While bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a weak note, equity markets in Europe were trading in the green in early deals.