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Sensex Falls 152 Points, Nifty Settles Below 9600; Banking, Auto Stocks Drag

Sensex Falls 152 Points, Nifty Settles Below 9600; Banking, Auto Stocks Drag”

Market struggled to capitalise on a higher opening on Friday as the Sensex dropped 68 points, with participants keen to scoop up profit amid mixed Asian leads.

The 30-share pack, which opened at 31,352 against the previous close of 31,290, witnessed a 255-point swing in intraday trade. The BSE and NSE will remain closed on Monday on account of Eid.

The 30-share Sensex rose over 75 points in morning trade and shot up to 31,365.39, but quickly lost momentum to hit the day's low of 31,110.39.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 7.80 points or 0.08 per cent higher at 9,637.80 points.

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Among the sectoral indices, healthcare gained the most, followed by auto, banking and power.

Meanwhile, foreign funds bought shares net Rs 192.68 crore yesterday, as per provisional figures. The oil & gas, FMCG and PSU sub-indices were the biggest losers. BSE Mid-cap index closed lower by 1.21% at 14,583.

Fortis Healthcare slumped almost 13 percent after the company said Malaysia's Integrated Healthcare Holdings has abandoned its pursuit of Fortis Healthcare and SRL Diagnostics. SEBI relaxed norm for takeover of stressed business and RBI's less hawkish minutes were positive for the market.

The Indian equity markets closed in the red on Friday as broadly negative global cues, coupled with caution ahead of the Goods and Services Tax (GST) implementation and heavy selling pressure subdued investor sentiments.

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