Business Economy


Stock markets end in red; IT and metals major losers

New Delhi, June 5 (UNI) The Indian stock market on Friday ended in the red, in a volatile trading session, as investors weighed the Reserve Bank of India's latest inflation and growth projections.
At close, Sensex was at 74,243, lower by 117 points or 0.16% while, NSE Nifty ended at 23,366.70, down 49.85 or 0.21%.
Among the sectors, IT and metals were the major losers sheding 0.99% and 1.60%, respectively. Nifty Media emerged as the top gainer while sectors like auto, banks and realty gained 0.08% to 0.56%.
On Nifty, those stocks ending in the green were Adani Enterprises up 2.36%, HUL with a 2% rise along with Adani Ports, Bajaj Finance, Axis Bank and Dr Reddy's Labs. On the losing end were Wipro as top loser while Hindalco, Trent, TCS, Coal India and Tata Steel also ended with losses.
Around 99 stocks were at 52-week highs and 43 at their 52-week lows. Those on the highs were Adani Energy Solutions, Apar Industries, Cupid, Data Patterns, CG power, Vodafone Idea while on lows were Elcid Investments, EID Parry, Patanjali, Reliance Industries, TCS and Pfizer.
Indian Rupee gained 0.9% to end at 94.9450 per dollar.
Banking shares rose up to 2 percent after the RBI's announcement on the repo rate.
Canara Bank emerged as the top gainer, rising more than 2 percent, Punjab National Bank advanced 1.85 percent, while Yes Bank gained 1.27 percent. Further the shares of ICICI Bank, State Bank of India, AU Small Finance Bank and union Bank of India rose up to 1.5 percent.
Shares of Rajesh Exports, a gold company under SEBI scanner fell 5% as investors continued to dump the stock.
Metal stocks came under pressure with Nifty Metal index fell 1.6 percent in afternoon trade. Hindalco Industries declined 2.5 percent, Tata Steel fell 2 percent, while JSW Steel dropped 1.7 percent. UNI VK CDS
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