NEW DELHI: Dancing to the global tune and dragged by selling in bank and financial stocks, benchmark indices fell for the second consecutive day on Friday making a dent of Rs 2.26 lakh crore in investors’ wealth.
The rise in bond yield is becoming a worry for investors as they see foreign investors fleeing from India. However, most analysts are still bullish on Indian equities in the medium term.
The 30-share pack Sensex dropped 440.76 points or 0.87 per cent to close at 50,405.32. Its broader peer NSE Nifty declined 142.65 points or 0.95 per cent to 14,938.10.
Market at a glance
- India VIX, barometer of volatility, spikes for the second day, up 6%
- Heranba Industries gains 30% over issue price on its debut
- IPO watch: MTAR Technologies subscribed 193.38 times so far
- Broader markets perform worse than headline peers, Nifty Midcap down 2%
- Stock@52-week highs: ACC, Ambuja Cements, DMart, Grasim, UltraTech Cement and Vedanta among top names
