Stock market today: Profit taking at higher levels and crude price surge pushed the Indian benchmark indices — Sensex and Nifty — lower on Friday after a six-day rally. Bank stocks emerged as the biggest index drags, with HDFC Bank contributing to nearly half of the losses.
Sensex settled the day 344.52 points or 0.41% lower at 84,211.88. Its NSE counterpart Nifty 50 ended at 25,795.15, down 96 points or 0.37%.
Broader market indices, too, closed in the red today, although they outperformed the benchmarks. The BSE Midcap index lost 0.25% and the BSE Smallcap index 0.19%.
(More to come…)