calender_icon.png 10 July, 2025 | 1:17 AM

Markets snap 3-day winning run

18-01-2025 12:00:00 AM

PTI Mumbai

Key benchmark indices Sensex and Nifty slipped into negative territory on Friday after a three-day rally, dragged by intense selling pressure in IT, banking and financial stocks. Unabated foreign fund outflows and elevated crude prices in international markets also played spoilsport for the bourses.

In a volatile session, the 30-share benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33. During the day, it tumbled 779.53 points or 1 per cent to 76,263.29. Similarly, the NSE Nifty dropped 108.60 points or 0.47 per cent to 23,203.20. On the weekly front, the BSE benchmark tanked 759.58 points or 0.98 per cent, and the Nifty declined 228.3 points or 0.97 per cent. 

"The markets remained volatile for yet another session, slipping half a per cent after three days of gains. Early weakness, driven by IT and banking heavyweights reacting to earnings, pulled the benchmark indices lower," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.