Published by: Vivek Dubey
Market fails to hold recovery, closes lower for 4th straight session.
PSU banks see buying following JPM’s announcement of India bond inclusion.
Sensex slips 221 points to 66,009 & Nifty 68 points to 19,674.
Nifty Bank falls 12 points to 44,6412 & Midcap Index 46 points to 40,139.
PSU banks (PNB, SBI, BoB, Canara Bank & Union Bank) gain in the range of 3-6%.
Glenmark Pharma closes in the red but sharply off lows on Glenmark Life sale.
Pharma basket sees selling in Friday’s session, Nifty Pharma slips 2%.
Power Finance stocks continue to move higher on rising power demand, up 3-5%.
Vodafone Idea gains 4% on fund infusion reports, Indus Towers up 3% too.
Maruti gains more than 2% on positive brokerage note, M&M rises as well.
IT stocks largely in the green despite weak global cues, Tech Mahindra top gainer.
Wipro falls more than 2% on the resignation of CFO.
Lux Ind slips 3% as the company's premises are being searched by Income Tax Dept.
Market breadth favours declines, advance-decline ratio at 1:1.