Market snaps 2-day gaining streak, ends lower in volatile session

New Delhi, Nov 21 (UNI) Stock market snapped the two-day gaining streak today and ended lower in a volatile session, with the NSENifty falling below 26,100 amid selling across the sectors.

At close, the BSE Sensex dropped 400.76 points or 0.47 percent to 85,231.92, while the Nifty slipped 124 points or 0.47 pc to 26,068.15.

Broader indices underperformed the main indices, with BSE Midcap and Smallcap indices falling 1.3 pc each. For the entire week, BSE Sensex added 0.8 pc, and Nifty rose 0.6 pc.

Among the sectors, Nifty Metal was the top dragger down by 2.5 pc, followed by Nifty Realty (down by 2 pc), Nifty Bank (down by 0.8 pc) and Nifty Financial Services shedding over 1 pc, Nifty PSU Bank index falling 1.5 pc.

On the other hand, Nifty Pharma and Nifty IT lost 0.4 pc each and Nifty Auto was flat, and Nifty FMCG was the only sector in the green, up 0.15 pc.

On Nifty, only 17 stocks ended higher, where the top gainers were Maruti Suzuki (up by 1,32 pc), Tata Consumer (up by 0.90 pc) and Max Health (up by 0.87 pc).

On the other hand, 33 stocks ended in the red today including of JSW Steel (down 2.91 pc), Hindalco (down 2.81 pc), and Tata Steel (down 2.59 pc) ended as the top losers in the index.

Out of 3,175 stocks traded on the NSE, 784 advanced, while 2,305 declined while some 86 stocks remained unchanged.

Around 42 stocks hit their 52-week highs while 182 stocks hit their 52-week lows in intraday trade on the NSE.

Those hitting highs included Bharti Airtel, Reliance Industries, Eicher Motors, and GMR Airports, and on lows included Thermax, Saregama India, Vedant Fashions, Clean Science, Deepak Nitite, Bata India and PCBL Chemical.

Kotak Mahindra Bank shares ended marginally lower on stock split at 1:5, Max Financial Services shares fell 2 pc post block deal.

Indian rupee hit a record low during the afternoon trade at 89.46 against the US dollar on high demand for the greenback and low support from the Reserve Bank of India. 

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