Sensex Today | Stock Market Highlights: Nifty slips below 23,400; Markets end lower for 2nd straight week

HomeMarket NewsSensex Today | Stock Market Highlights: Nifty slips below 23,400; Markets end lower for 2nd straight week

Sensex Today | Stock Market Highlights: Markets ended slightly lower on Friday after a volatile session, with weakness in metals and IT stocks weighing on sentiment. The Sensex fell 117 points to close at 74,243, while the Nifty declined 50 points to settle at 23,367, slipping below the 23,400 mark.

The Nifty Bank index outperformed, rising 188 points to 54,496 and extending gains for a fourth straight session, while the Midcap index fell 212 points to 60,755.

Hindalco, Wipro, Trent, Coal India and TCS were among the top Nifty losers, while the Nifty Metal index emerged as the worst-performing sector with Hindustan Zinc tumbling over 6%. Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.

Among individual stocks, Zee Entertainment extended its rally to nearly 19% over the last three sessions, while Go Digit pared sharp intraday gains to end well off its highs after reporting weak May insurance data.

For the week, both the Sensex and Nifty declined by over 0.5%, marking their second consecutive week of losses. The Midcap index underperformed, falling more than 1%, while the Bank Nifty bucked the trend and ended the week higher.

Capital Markets, FMCG and Realty were the worst-performing sectors, while Titan, Adani Enterprises, Coal India and Infosys were among the key Nifty gainers for the week.

The rupee was a bright spot, posting its biggest single-day gain in over two months to close below the 95/$ mark at its highest level in a month.