Sensex Falls 152 Points, Nifty Settles Below 9600; Banking, Auto Stocks Drag

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,351.53 points, provisionally closed at 31,290.74 points (at 3.30 p.m.) - up a mere 7.10 points, or 0.02 per cent, from its previous close at 31,283.64 points.

The markets will remain closed on Monday (26 June) on account of "Id- ul-Fitr" (Ramzan Eid).

However, mired sentiment from global market and disruptions ahead of GST roll out overshadowed these positives which led market to give up gains to end flat. Nifty broke below the 9,600-mark. The Sensex made a strong recovery opening 136 points up on the back of reforms announced by market regulator Securities and Exchange Board of India to draw more investors. Nifty also closed in on 9,700 in Thursday's afternoon trade after which the erosion started which continued till Friday. It finally ended 152.53 points, or 0.49 per cent lower at 31,138.21. Sectoral indices such as realty, healthcare, IT and power ruled higher, rising by up to 1.09 per cent.

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The Nifty PSU Bank index dropped 2 percent.

Major losers in the 30-share index were Tata Motors (2.14%), Hero Motocorp (1.95%), State Bank Of India (1.94%) and Oil & Natural Gas Corporation (1.56%). The Nifty Auto index shed 1.7 per cent, with automaker Maruti Suzuki declining 1 per cent.

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