Sensex, Nifty End Lower Amid Volatility
(RTTNews) - Indian shares closed lower on Friday after a choppy session.
Markets gave up early gains as concerns about slowing earnings growth and continued foreign fund outflows overshadowed U.S. President Donald Trump's calls for lower oil prices and immediate interest rate cuts by the Federal Reserve.
Trump also indicated a potentially softer stance on tariffs against China.
The benchmark S&P/BSE Sensex ended down 329.92 points, or 0.43 percent, at 76,190.46 after two days of gains.
The broader NSE Nifty index closed at 23,092.20, down 113.15 points, or 0.49 percent, from its previous close.
Second-line stocks came under heavy selling pressure, with the BSE mid-cap and small-cap indexes falling 1.6 percent and 2.2 percent, respectively.
The market breadth was negative on the BSE. 2,892 shares declined, while 1,049 shares advanced and 118 shares closed unchanged.
Dr Reddy's Laboratories slumped 4.9 percent on concerns about potential revenue loss from cancer drug Revlimid, which is set to go off patent in January2026.
BPCL, Adani Enterprises, Mahindra & Mahindra and Trent gave up 3-4 percent.
Technology services firm Cyient plummeted almost 23 percent after a weak December quarter performance and CEO's exit.
Among the prominent gainers, ICICI Bank, Grasim, Eicher Motors, Britannia Industries and Hindustan Unilever rallied 1-3 percent.
Vishnu Chemicals rose 2.1 percent after the company reported a 65 percent jump in its Q3 net profit.
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