Closing bell: Sensex dives 155 points, Nifty settles at 11429, SBI shares fall over 4% after Q1 results

BSE Sensex closed 155.14 points lower at 37,869.23 points, while the Nifty 50 ended 41.20 points down at 11,429.50. Here are the highlights from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 halted their record breaking run and closed lower on Friday dragged by banking stocks such as SBI and ICICI Bank. Moreover, losses in global markets also hurt sentiment. European stocks declined by the most in a week, following shares lower in Asia, after falling Turkish lira raised fears of a wider fallout sent investors running for safe heaven assets. Oil prices fell on concerns that global trade disputes will slow economic growth and demand for fuel. Meanwhile, FIIs purchased equities worth Rs 370.68 crore net on Thursday, whereas DIIs sold Rs 85.39 crore of shares, provisional data showed. Moreover, the government will release IIP data for June.

3.33 pm IST
Closing bell: Sensex, Nifty snap record run
BSE Sensex closed lower by 155.14 points, or 0.41%, to 37,869.23, while the Nifty 50 fell 41.20 points, or 0.36%, to close at 11,429.50.

3.15 pm IST
Mangalam Organics shares soar 20%
Shares of Mangalam Organics Ltd surged 20% to Rs 319.40. The company reported a profit before tax of Rs 15.07 crore in the quarter ended 30 June, compared to a profit of Rs 2.56 crore a year ago. Revenue from operations stood at Rs 87.71 crore in the quarter compared to Rs 38.3 crore in the same period last year.

source: livemint.com