Domestic equities plunged on Friday with all sectors closing in red amid weak global cues and renewed fears of inflation. BSE benchmark Sensex plunged 365.83 points, or 0.56 per cent to close the week at 64,886.51, while broader NSE Nifty50 slumped 143.70 points, or 0.74 per cent to 19,243.
All sectors closed in the negative territory as Nifty PSU Bank fell 1.62 per cent, the realty index slipped 1.44 per cent, metal fell 1.28 per cent, pharma tanked 1.20 per cent, and Nifty FMCG fell 1.14 per cent.
Broader markets also extended the fall as Nifty Midcap Select plunged 1.14 per cent, Nifty Midcap 150 slipped 1.11 per cent, Nifty Next 50 fell 1.05 per cent, and Nifty Midcap 50 tanked 0.93 per cent.
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Jio Financial Services gained on Friday and ended 2.83 per cent higher after the stock hit lower circuit for five trading sessions straight after listing on bourses on Monday. Jio Financial Services closed at BSE at Rs 222, and was the top gaining stock in the Nifty50 index.
Jio Financial, Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC, Bharti Airtel, SBI Life, ICICI Bank, Axis Bank, Titan and Eicher Motors were the gaining stocks in Nifty50.
On the other hand, stocks that dragged the indices the most were L&T, Dr Reddys, JSW Steel, Adani Ports, Adani Enterprises, IndusInd Bank, Power Grid, ITC, M&M, Tata Consumer, HCL Tech and Tata Motors.