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24th Oct · SEBI-Registered Analyst

Market Summary: Sensex ends 6-day rally, drops 344 points; Nifty slips below 25,800 — UltraTech, Adani Ports fall 2% each

Indian stocks retreated on Friday, with both the Sensex and Nifty halting a six-session winning streak as investors booked profits after indices hovered near record highs. The breather followed a surge driven by optimism around easing global trade frictions and hopes of a rebound in corporate earnings. The S&P BSE Sensex declined 0.41% to 84,211.88, losing 344.52 points, while the NSE Nifty 50 slipped 0.37% to 25,795.15. Among the 30 Sensex constituents,

HINDUNILVR
,
ULTRACEMCO
,
KOTAKBANK
Mahindra Bank,
ADANIPORTS
, and
TITAN
were the top laggards, falling between 1.5% and 3%. Financial stocks exerted the most pressure on the benchmarks, with the Nifty Bank index down 0.7%. The FMCG index declined 0.8%, weighed down by
HINDUNILVR
r’s 3.3% drop and a 2.1% fall in
COLPAL
e (India) following their tepid September-quarter earnings. Broader indices also softened, with midcap and small-cap segments easing 0.2% each. For the week, both the Sensex and Nifty managed to rise 0.3%, extending a six-day upward run that had boosted them by about 3% overall. Investment in securities market are subject to market risks. Read all the related documents carefully before investing

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