<p>Domestic equity benchmark Sensex dropped 129 points on Friday, tracking losses in index heavyweights Reliance Industries and HDFC twins amid weak cues from global markets.</p>.<p>The BSE Sensex ended 129.18 points or 0.34 per cent lower at 37,606.89, while the NSE Nifty fell 28.70 points or 0.26 per cent to 11,073.45.</p>.<p>Reliance Industries was the top loser on the Sensex chart, shedding around 2 per cent, as investors began booking profits at higher levels.</p>.<p>The company on Thursday reported a record net profit of Rs 13,248 crore for the June quarter after a one-time gain from stake sale as well as bumper telecom revenues cushioned COVID-19 hit earnings from refining, petchem and retail segments.</p>.<p>HDFC Bank, Asian Paints, Kotak Bank, Bajaj Auto and HDFC were among the other laggards.</p>.<p>On the other hand, Sun Pharma, M&M, HCL Tech and Axis Bank finished higher.</p>.<p>Shares of SBI surged around 3 per cent after the lender posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of the current fiscal.</p>.<p>According to traders, domestic equities traded on a volatile note tracking weak global cues after US GDP data showed that the economy plunged by a record-shattering 32.9 per cent annual rate last quarter.</p>.<p>Bourses in Hong Kong, Tokyo and Seoul settled in the red, while Shanghai finished with gains.</p>.<p>Stock exchanges in Europe were trading with marginal gains in early deals.</p>.<p>Global oil benchmark Brent crude was trading 0.51 per cent higher at USD 43.47 per barrel. </p>
<p>Domestic equity benchmark Sensex dropped 129 points on Friday, tracking losses in index heavyweights Reliance Industries and HDFC twins amid weak cues from global markets.</p>.<p>The BSE Sensex ended 129.18 points or 0.34 per cent lower at 37,606.89, while the NSE Nifty fell 28.70 points or 0.26 per cent to 11,073.45.</p>.<p>Reliance Industries was the top loser on the Sensex chart, shedding around 2 per cent, as investors began booking profits at higher levels.</p>.<p>The company on Thursday reported a record net profit of Rs 13,248 crore for the June quarter after a one-time gain from stake sale as well as bumper telecom revenues cushioned COVID-19 hit earnings from refining, petchem and retail segments.</p>.<p>HDFC Bank, Asian Paints, Kotak Bank, Bajaj Auto and HDFC were among the other laggards.</p>.<p>On the other hand, Sun Pharma, M&M, HCL Tech and Axis Bank finished higher.</p>.<p>Shares of SBI surged around 3 per cent after the lender posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of the current fiscal.</p>.<p>According to traders, domestic equities traded on a volatile note tracking weak global cues after US GDP data showed that the economy plunged by a record-shattering 32.9 per cent annual rate last quarter.</p>.<p>Bourses in Hong Kong, Tokyo and Seoul settled in the red, while Shanghai finished with gains.</p>.<p>Stock exchanges in Europe were trading with marginal gains in early deals.</p>.<p>Global oil benchmark Brent crude was trading 0.51 per cent higher at USD 43.47 per barrel. </p>