The Indian stock market ended lower on Friday, after a highly choppy ride, as investors appeared quite reluctant to indulge in any significant buying due to lingering concerns about near term economic outlook. The rupee's weakness against the U.S. dollar and none too encouraging global cues too contributed to the market's decline.
Consumer durables, information technology and FMCG stocks ended lower. Realty, power and capital goods stocks moved up sharply. Several PSU stocks, including those in the banking space, saw some brisk buying during the session.
Oil, automobile and metal stocks ended on a mixed note. Healthcare stocks found some support, but failed to hold at higher levels. Several stocks from midcap and smallcap segments moved higher.
BHEL ended nearly 6% up, extending recent gains. DLF notched up a gain of 5.2%. Axis Bank, Punjab National Bank, Reliance Infrastructure, Jaiprakash Associates and Coal India gained 3% - 4.3%.
Larsen & Toubro, Kotak Bank, Mahindra & Mahindra, Hero Motocorp, Tata Power, GAIL, ACC, Bank of Baroa, ONGC, Jindal Steel & Power, Bajaj Auto, Sun Pharmaceutical Industries, Power Grid Corporation and Asian Paints too closed on a firm note.
HCL Technologies, Ultra Tech Cement, ITC, Tata Steel, ICICI Bank, Infosys, HDFC Bank, HDFC, Bharti Airtel, Hindustan Unilever and Reliance Industries ended with sharp to moderate losses.
The market breadth was positive. Out of 2556 stocks traded on BSE, 1355 stocks moved up. 1036 stocks declined and 165 stocks ended flat
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