Market disappoints, Sensex, Nifty fall in second day

Markets extended losses in the afternoon session dragged by IndusInd Bank, Tata Motors, Bharti Infratel, TCS and Yes Bank both in Sensex and Nifty. ITC was the major stock in top bullish followed by UPL, Wipro, IOC and Hindlaco on the NSE whose benchmark index Nifty declined 26.65 points at 10794.95 on Friday.

On the other hand, key sensitive index Sensex down near 99 points or 0.27% lower at 36009.84 with ITC, ONGC and Vedanta at the top.  Markets feel extremely disappointed as the key benchmarks were demonstrating positivity during mid-session, however indices gradually ended in the red for second day in a row at the weekend.

Nine of 11 sectoral indices set by the NSE ended lower led by Nifty realty Index’s 1.35 percent decline, followed by Nifty PSU Bank and Auto index which hit a fall of 0.90% and 0.79% respectively. Conversely, Nifty FMCG and financial service reached at top at 0.61 percent.

On weekly view, the Sensex advanced 0.9 percent and the Nifty rose 0.6 percent. Shares of IT major Infosys ended 0.68% higher at Rs684.35 per share ahead of its quarterly earning results to be released later in the day.