In a volatile session witnessed on Friday, the 30-share Sensex closed 340 points lower led by viscious sell-off in heavyweights such as Yes Bank, Axis Bank and ITC, among others. The Sensex closed the day at 33,349.31. The broader Nifty 50 held on to the 10,000-mark, after opening the day above the psychological 10,100 mark. Yes Bank shares tanked up to 15% intra-day, and ended the day at Rs 181.20, down 8.4% from previous close. Shares of Axis Bank, IndusInd Bank, Kotak Mahindra Bank shed up to 4.5% on close.
Shares of Tata Motors (up 2.09%), Reliance Industries (1.41%), Tata Steel (0.83%) , HDFC (0.69%) were among the few Sensex shares closing in the green. Shares of Equitas Holdings plunged by more than 28% to hit the day’s low of Rs 92.35, after RBI’s letter to the entities on listing of small finance banks. ICICI Bank shares closed 1.77% down at Rs 314.30 ahead of Q2 results scheduled to be announced later in the day.
The Sensex fell to a fresh seven month low of 33,349.31 as the November derivatives series began on a subdued note amid weakness in the rupee and negative leads from global markets. Notably, both key indices Sensex and Nifty recorded their second straight week of losses by falling 966.32 points, or about 3 per cent, and 273.55 points, or 2.7 per cent, respectively. Continuous fall in the rupee, which depreciated to 73.45 (intra-day) against the dollar, and prevailing liquidity crunch remain key dampening factors, brokers told PTI. Most Asian markets skidded to multi-month lows and European shares opened sharply lower on worries over corporate earnings and global growth. We bring to you key highlights from today’s trade.