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Closing Bell: Sensex, Nifty end lower as banks, auto, consumer stocks drag indices

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The Sensex tumbled 0.81 percent, or 96.90 points, to close Friday’s trade at 11,921.50, while the broader Nifty50 index settled at 11,921.5, down 96.90 points, or 0.81 percent.

Closing Bell: Sensex, Nifty end lower as banks, auto, consumer stocks drag indices
Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, ended sharply lower on Friday, dragged by sustained selling in banking, consumer and auto counters. This is the second consecutive session market ended at over two-week lows.
The Sensex tumbled 0.81 percent, or 96.90 points, to close Friday’s trade at 11,921.50, while the broader Nifty50 index settled at 11,921.5, down 96.90 points, or 0.81 percent. For the week, the BSE frontline index dropped 0.8 percent, while the Nifty corrected by 1.1 percent.
In broader markets, S&P BSE MidCap index was down over 181 points, or 1.2 percent, and the S&P BSE Small-Cap index slipped 118 points, or 0.9 percent, during the evening trade.
All the Nifty sectoral indices were trading in the red. Only 12 Nifty50 shares advanced.
Among shares, IT biggies Infosys, and Tech Mahindra were among the Sensex losers. YES Bank, SBI, ZEEL, GAIL, and HDFC were the top losers on the NSE, while Infratel, Kotak Bank, JWS Steel, and Dr Reddy's rallied.
SBI fell over 4 per cent, YES Bank was down over 8 percent, Tata Motors shed over 2 percent during the evening trade.
Vodafone Idea took a hit by 9 percent after its chairman Kumar Mangalam Birla said the company would have to shut shop if debt relief is not given.