MUMBAI, Jan 30 (Business Standard): Markets closed lower on Friday with
Nifty breaking a ten-day winning streak as Bank of Baroda and ICICI Bank
December 2014 results disappointed investors.
The 30-share Sensex ended down by 499 points at 29,183 and the 50-share Nifty slipped 143 points at 8,809. In early trades, the Sensex had hit an all-time high of 29,844.16 and Nifty touched the life-time high of 8,996.60.
Coal India too contributed to this decline. The stock fell almost 4% on Friday due to the government's offer for sale (OFS), which opened for subscription. The Rs 22,000-crore worth Coal India offer for sale (OFS)- the biggest-ever in Indian capital market -- was fully subscribed on Friday.
However, midcaps and smallcaps didn't fall as much. The BSE Midcap and Smallcap indices fell between 0.3-0.4 per cent. Market breadth on the BSE ended weak with 1,257 advances against 1,603 declines.
Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 1,723.77 crore on Thursday, as per provisional stock exchange data.
The 30-share Sensex ended down by 499 points at 29,183 and the 50-share Nifty slipped 143 points at 8,809. In early trades, the Sensex had hit an all-time high of 29,844.16 and Nifty touched the life-time high of 8,996.60.
Coal India too contributed to this decline. The stock fell almost 4% on Friday due to the government's offer for sale (OFS), which opened for subscription. The Rs 22,000-crore worth Coal India offer for sale (OFS)- the biggest-ever in Indian capital market -- was fully subscribed on Friday.
However, midcaps and smallcaps didn't fall as much. The BSE Midcap and Smallcap indices fell between 0.3-0.4 per cent. Market breadth on the BSE ended weak with 1,257 advances against 1,603 declines.
Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 1,723.77 crore on Thursday, as per provisional stock exchange data.
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