Top laggards in the Sensex pack included Tata Steel, Kotak Bank, Dr Reddy’s, L&T, SBI and Bajaj Finance. (representative image)
New Delhi: Equity indices ended in early trade with the benchmark BSE Sensex falling nearly 500 points on Friday amid weak cues from global markets.
The BSE 30-share index was trading at 55,135, down 495 points or 0.89 per cent. Whereas, the broader NSE Nifty was down 436 points or 0.9 per cent at 16,419.
Top laggards in the Sensex pack included Tata Steel, Kotak Bank, Dr Reddy’s, L&T, SBI and Bajaj Finance, with their shares falling as much as 3.77 per cent.
While Asian Paints, Maruti, Infosys, Bharti Airtel and HUL were trading in the green, rising up to 1.1 per cent.
On the NSE platform, except Nifty IT, all other sub-indices were trading in the red with Nifty Metal, Bank, Media, PSU Bank falling up to 3 per cent.
According to experts, weak global cues weighed on the domestic markets.
Asian shares closed 0.75 per cent lower, Chinese blue chips 1.22 per cent and Hong Kong 0.53 per cent lower.
Japan’s Nikkei was down 0.53 per cent, while US markets closed flat on Thursday.
Global markets are down mainly on concerns over rising cases of the delta covid variant, which could threaten the revival of the global economy.
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