10 things to know about stock markets trading on Friday:
Top laggards on the 50-scrip index Nifty were Yes Bank (-8.65 per cent), JSW Steel (-5.35 per cent), Axis Bank (-4.51 per cent), HCL Tech (-3.77 per cent) and Grasim (-3.59 per cent).
Twenty three out of 30 Sensex stocks closed the session in the red.
Prominent losers in the 30-share Sensex pack were Yes Bank (-8.97 per cent), Axis Bank (-4.04 per cent), Induslnd Bank (-3.14 per cent), TCS (-2.86 per cent), Kotak Bank (-2.76 per cent) and ONGC (-2.47 per cent). Heavyweights Infosys, TCS and ITC contributed most to the losses.
The key indices ended on a lower note as November derivatives series began on a subdued note amid weakness in the rupee and negative leads from global markets, analysts said.
Disappointing quarterly earnings from Maruti Suzuki, Yes Bank and a few others also accelerated the selling momentum, they added.
In terms of stock-specific action, IT giants Infosys Ltd and Tata Consultancy Services Ltd (TCS) were among the top drags on Friday. Infosys closed 2.43 per cent down on the Bombay Stock Exchange (BSE), while TCS slipped 2.86 per cent on BSE.
Private-sector lender Yes Bank Ltd was the top percentage loser, plunging as much as 15 per cent intraday to a four-week low after its quarterly profit missed estimates. The lender closed 8.97 per cent down on BSE.
JSW Steel fell to a two-month low after brokerages cut target prices, citing concerns over debt and margins. It closed 4.50 per cent down on BSE.
On a weekly basis, 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, as reported by news agency Press Trust of India (PTI).
Meanwhile, foreign funds sold shares worth Rs 1,495.71 crore, while domestic institutional investors bought shares to the tune of Rs 339.60 crore on Thursday, provisional data showed. (With inputs from agencies)
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