Sensex snaps 4-day rising streak, slips 73 points


Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 35,144.96 points, closed at 34,915.38 points (3.30 p.m.) - down 187.76 points or 0.53 per cent - from its previous session's close.

The key Indian equity indices provisionally closed lower on Friday following broadly negative global cues such as high crude oil prices and geo-political tensions in the Middle East.

The trade was volatile throughout the day and, according to market observers, selling was witnessed around the closing hour of trade.

Wall Street US stocks cut sharp early losses to end mostly down slightly on Thursday as some disappointing earnings reports offset strong economic data, while bond yields slid after a surprising drop in euro zone inflation data.

The BSE market breadth was bearish with 1,833 declines and 831 advances.

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He further said: "Major Asian markets have closed on a negative note barring the Taiwan index". The index had gained almost 12 percent in the previous month on the back of a weaker rupee and strong earnings from IT majors.

Other laggards were Asian Paints, L&T, HUL, Coal India, Infosys, RIL, ITC Ltd, Bharti Airtel, Tata Motors, TCS, Adani Ports, HDFC Bank, Yes Bank and Hero MotoCorp.

Market participants booked profits at higher levels in opening trade, they added.

Pharma stocks pushed both indexes lower, with the Nifty Pharma index falling as much as 1 percent.

Meanwhile, on a net basis, Domestic Institutional Investors (DIIs) sold shares worth Rs 578.92 crore while Foreign Portfolio Investors (FPIs) too sold the shares to the tune of Rs 148.42 crore on Thursday, a provisional data showed.