Investors adopted a cautious stance ahead of the Reserve Bank of India’s policy meeting next week.
By ETMarkets.com |
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The Nifty fell 6.42 per cent in September while BSE index lost 6.26 per cent, their worst monthly performance since February 2016.
NEW DELHI: Stock market erased early gains and ended lower on Friday, wrapping up their worst month since February 2016, with auto stocks such as Maruti Suzuki and Hero MotoCorp dragging the benchmark indexes lower, Reuters reported.
Meanwhile, investors adopted a cautious stance ahead of the Reserve Bank of India’s policy meeting next week.
The benchmark BSE Sensex closed 0.27 per cent lower at 36,227.14 and was down 1.67 per cent on week while the broader NSE Nifty ended 0.43 per cent lower at 10,930.45, shedding nearly 2 per cent for the week.
The Nifty fell 6.42 per cent in September while BSE index lost 6.26 per cent, their worst monthly performance since February 2016, after concerns over bad debt in non-banking financial companies triggered a broad sell-off.
“Market started the new F&O expiry on weak note as Nifty lost nearly half a per cent amid volatility. Moreover, stocks were trashed badly across the board. It started with decline in select banking and NBFC counters which later engulfed the others too,” said Jayant Manglik, President, Religare Broking.
Here are the bulk on NSE and BSE from Friday’s session:
Premier Energies shares gain 4% after Nomura, Quant, others purchase stake in Rs 2,289 crore bulk deal2026-05-26T03:35:07Z
