Markets decline for third consecutive week; Sensex slips 202 pts
Markets decline for third consecutive week; Sensex slips 202 pts
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Key Benchmark indices swung between gains and losses on Friday as concerns over the second wave of Covid-19 in the country and tension in the global markets overpowered the risk appetite for investors. The Nifty lost 65 points in trade to end the day at 14,341 points. For the week the Nifty lost almost 2 per cent. On the BSE, the Sensex closed at 47,878.45 levels, down 202 points

Over 30 constituents in the Nifty ended the session in the red including Britannia, Dr Reddy's Labs, M&M, Wipro, Grasim, Hindalco, and Tech Mahindra. On the Sensex, HUL, ICICI Bank, Bharti Airtel, and Infosys closed as top laggards.

On the upside, NTPC, Power Grid, HDFC Life, SBI Life, BPCL, Coal India, and HDFC outperformed the benchmark indices.

The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets. The S&P BSE MidCap index gained 0.2 percent today while the S&P BSE SmallCap index added 0.5 percent riding on the back of gains in Confidence Petroleum India, HFCL, MTNL, Panacea Biotech, Indian Bank, Indian Hotel, Muthoot Finance, and Varroc Engineering.

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