In an otherwise negative market, Nifty Bank breached a new record high for the second straight session today to 40,550-level.
As many as 16 stocks advanced and 34 declined on the Nifty50 index at the market close today.
“Markets remained under pressure for yet another session and lost nearly half a percent.
“The broader markets also traded in sync with the benchmark and both mid cap and small cap ended lower by 1% each.
According to Mishra, “Markets will react to the Reliance and ICICI Bank results in early trade on Monday.
“We are finalising on the amount to be raised but it would be over Rs 10,000 crore,” the official said.
Brent crude futures rose 92 cents, or 1.1%, to settle at $85.53 a barrel.
At the interbank forex market, the local unit opened at 74.86 against the greenback, and moved in a range of 74.69 to 74.89 during the session.
However, in October, FPIs have pulled out Rs 1,494 crore, depositories’ data showed.
Six stocks – Escorts, Indiabulls Housing Finance, Idea, IEX, PNB and SAIL – are under the F&O ban.