Share Market Today: Indian stock markets (Sensex and Nifty) closed on a negative note on Friday but booked weekly gains with BSE Sensex finishing down 85 points and NSE Nifty settling in red following the losses in ICICI Bank, Infosys, Yes Bank, HDFC Bank and IndusInd Bank shares. Shares of Reliance Industries (up 0.66%), Vedanta (up 4.26%), HDFC (up 0.47%) and Axis Bank (up 1.23%) were the biggest positive points contributors to Sensex while ICICI Bank, Infosys, Yes Bank, HDFC Bank and IndusInd Bank collectively wiped out 144 points from the index.
The domestic markets went deeper into losses in the afternoon deals on Friday with BSE Sensex plunging 164 points and NSE Nifty falling well below 11,550-mark following the drop in ICICI Bank, ITC, Yes Bank and Infosys shares. Indian equity markets started flat on Friday with BSE Sensex and NSE Nifty falling in the negative territory within a minute of market opening following the subdued activity in the Asian stock markets.
A considerable fall in the heavyweight shares of ICICI Bank, ITC and Infosys steered the key equity indices in red while HDFC stock emerged as the only notable positive points contributor. Asian stocks fell on Friday after US-China trade talks ended without progress, with the markets braced for a speech by Federal Reserve Chairman Jerome Powell for hints on the direction of US monetary policy, Reuters said in a report.