Sensex, Nifty Update: A Break for 4-days profits

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 Friday.

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 down 2percent.