JOIN USIndian markets ended lower on Friday following profit booking post the recent up in the benchmark indices coupled with not so encouraging global cues. While the S&P BSE Sensex ended down 267 points at 29,858, the Nifty 50 closed 75 points lower at 9,285.
“From the word go, markets traded deep in the red and gave up all the gains that they had registered in Friday’s trade. Profit booking after the recent run up and tepid global markets dampened investor sentiment,” BNP Paribas Mutual Fund senior fund manager Karthikraj Lakshmanan said.
Bank of Baroda was the top loser on Nifty 50 after the President of India gave his nod for amendments to the Banking Regulation Act, which allows RBI more powers to tackle with the issue of non performing assets. The bank shed 4.21% to close at Rs 187.50 with volumes of over 2.7 crore shares. Other losers included Tata Motors, Hindalco, ONGC and GAIL