Mumbai : The benchmark indices remained lower for the second day in a row on Friday influenced by poor Q3 results of Corporates and weak global markets and rising volatility in the domestic markets.
The 30-share pack Sensex dropped 746.22 points or 1.5 per cent to close at 48,878.54. NSE Nifty slipped 218.45 points or 1.50 per cent to close at 14,371.90.
European markets fell on Friday on weak UK retail sales numbers and increasing restrictions in the Eurozone, followed by Asian Markets. This had an impact on the domestic markets in India which fell down in the second session on Friday.
The fall resulted in eradication of Rs 2.09 lakh crore from the investors wealth as total market capitalization of BSE-listed companies fell to Rs 194.42 lakh crore.
In the Q3 results, Bajaj Auto surges over 10 per cent earrings. Nifty Bank fell over 3 per cent, India VIX rose one per cent reflecting the market nervousness.
Among the IPO, Indigo Paints subscribed 61 times, Home First 1.61 times.
A total of 223 stocks hit the 52-week highs. Among them were Ashok Leyland, Havells, TAMo, TVS Motor, Crompton and Bosch.
Among the blue chips, Bajaj Auto was the topmost gainer, up 11 per cent. Hero MotorCorp, Eicher Motors, HUL, Ultratech Cement, TCS, GAIL and Tata Motors were the other gainers.
Those which ended in the red were Axis Bank falling 4.48 per cent, Asian Paints, JSW Steel, ICICI Bank, Hindalco, IndusInd Bank, SBI, Bajaj Finance and Tata Steel.
Except Nifty Auto and Nifty IT which added 1.43 per cent and 0.15 per cent respectively, all sectoral indices on NSE closed with gains. Nifty Metal ad Nifty Bank fell the most, down 3.89 per cent and 3.17 per cent respectively.
