Markets Closed In The Red, Nifty Media Sheds Heavily

Key benchmark indices closed lower in the week-ended Friday, as selling pressure seen across sectors. All sectoral Nifty indices ended in the red with heavy selling emerged in Realty, Auto, Banking, FMCG, Pharma and stocks.

The BSE Sensex was down 289.29pts at 39,452.07, with major falls in IndusInd Bank, BhartiAirtel, TataMotors, AxisBank and Kotak Bank, while the NSE Nifty was down 90.70pts at 11,823.30 with gains in BhartiInfratel, L&T, SunPharma, PowerGrid, while losers on the Nifty include IndusInd bank, Indiabulls Housing finance, Zeel, Bharti Airtel and Eicher Motors.

Both Sensex and the Nifty ended the week in the loss after three regular weeks of gains. The Nifty Mid-Cap lost 1 percent for the week.

CoalIndia was the major Nifty winner this week, up 4pc followed by BhartiInfratel, Hero MotoCorp, Wipro and TitanCompany.

NiftyMedia index closed down 2.24pc at 2086.15. Among falling constituents, Dish-TV-India declined 5.91pc, Eros Media slipped 4.91pc and ZEEL fell 4.57pc. In other indices, NiftyRealty cracked 2.10pc and Nifty Pvt Bank index is down 1.36pc on the day, among other indices.

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