Indian benchmarks closed in red territory on Friday following hawkish commentary by major central banks.
Both BSE Sensex and NSE Nifty settled lower for the second straight day, with all sectors in red by the end of the session.
At close, the Sensex slumped 461.22 points, or 0.8%, to 61,337.81, while the Nifty slid 145.90 points, or also 0.8,%, to 18,269.
Dr. Reddy’s Laboratories (NSE:DRREDDY, BOM:500124) emerged as the top laggard on Friday, with shares dropping 4%, followed by Mahindra & Mahindra (NSE:M&M, BOM:500520) and Adani Ports & Special Economic Zone (NSE:ADANIPORTS, BOM:532921).
Conversely, Tata Motors (NSE:TATAMOTORS, BOM:500570), HDFC Bank ((NSE:HDFCBANK, BOM:500180) and Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) were the top gainers.
In corporate news, HDFC Bank raised 50 billion Indian rupees from a bond sale. The lender allotted 5,000 7.84% nonconvertible Basel-III compliant tier-2 bonds on a private placement basis.
Meanwhile, Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) opened a new resort in the city of Dharamshala in Himachal Pradesh, India. The Regenta Resort Exotica Dharamshala features 25 rooms and suites, a restaurant, a rooftop swimming pool and meeting rooms.
