Indian markets ruined lower Friday after profit booking took place across the line after a deep improvement in Europe. High beta sectors were under the hammer, while FMCG and pharmaceutical shares showed some pliability.
The market opened muted note for lack of confidence among traders near confrontation levels. After moving in an area with a negative bias, the index began drifting lower as emotion turned bearish on concern over Spain's debt woes of Greece post security.
Bombay Stock Exchange's Sensex ended at 16,994.60, down 271.27 points or 1.57 percent.The index touched a low of 16,923.65 and high of 17,329.32 in today's trading.
On the NSE, fell the broad-based Nifty 34 points or 0.7% to live in 5091 - during the crucial 5100 level. The Nifty too stopped up on a two-month low. The indices well again from early losses after the European markets, and came into the black.
Among the Sensex stocks were Tata Motors top loser, down 2.5% at Rs eight hundred and fifteenth Other Top losers included Reliance Communications, which fell almost 2% to Rs 194 and Bharti which lost 1.9% to close at Rs two one hundred and ninety second index heavyweight Reliance Industries lost nearly one percent to end the day at Rs 1011 as investors awaited the Supreme Court decision on RIL-RNRL gas disagreement, which is predictable on Friday.
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