Equity index pivotals snapped
gains in past four consecutive sessions on Friday as selling pressure gripped
across sectors. Most of Sectoral spaces ended in the red with stocks in
the metal, IT and media witnessing greater selling pressure.
The BSE sensitive index Sensex closed
54points lower 36671.43 and the NSE Nifty at 11035.40 down 22.80points on
NTPC, GAIL India, Eicher Motors,
Baja Auto and UPL were the top gainers, while Tata Motors, Wipro, and HCL Technologies
and Tata Steel were top losers on the Nifty.
The Nifty Metal index plunged
1.50percent lower led by MOIL, Jindal Steel and Tata Steel. Also, NIfty IT index fell 1.11percent dragged
by Wipro, Infibeam Avenues and HCL Tech.
Asian stocks also finished on a
negative zone. As of the most updated closing prices, the Shanghai Composite
was down by 4.4percent, HangSeng down by 1.9percent and the The Nikkei-225 was