Bears dominate Sensex & Nifty; Suzlon locks in at upper circuit, IndusInd Bank jumps 5 per cent, Shriram Transport Finance gains

The bearish attack continued in the domestic stock markets even on Friday as Sensex fell by 588.59 points or by 1.26 per cent to settle at 46,285.77 levels while Nifty plunged 182.95 points or 1.32 per cent to close at 13,634.60 levels. 

The domestic markets remained volatile during the last trading session of the month (Friday). IT, auto, and financial stocks tumbled today. Investors continued to remain cautious, taking a defensive approach ahead of Budget 2021. 

In the global markets, Asian indices such as Shanghai Composite index, Nikkei and Hang Seng declined by 0.63 per cent, 1.89 per cent and 0.94 per cent, respectively. KOSPI plunged 3.03 per cent on Friday on massive foreign dumping, largely generated by valuation concerns over local stocks and a liquidity squeeze in China.  

In the European markets, FTSE 100, DAX & CAC 40 were trading down by 1.17 per cent, 1.27 per cent & 1.30 per cent, respectively. 

Sensex gainers included IndusInd Bank that jumped 5.44 per cent, Sun Pharmaceutical Industries surged 3.91 per cent, ICICI Bank gained 1.68 per cent and HDFC Bank increased by 1.50 per cent. 

Sensex losers consisted of Dr Reddy's Laboratories that slumped 5.69 per cent, Maruti Suzuki decreased by 4.99 per cent, Bharti Airtel fell by 3.12 per cent, Bajaj Auto went down by 3.02 per cent, Infosys inched lower by 2.87 per cent, TCS declined by 2.71 per cent, etc. 

Amongst sectoral indices on BSE, the Telecom index was the biggest loser, down by 2.97 per cent. BSE Auto index fell by 2.95 per cent while BSE IT index tumbled 2.48 per cent, followed by BSE Metal, down by 1.80 per cent.  

BSE Small-Cap index closed in red, down by 0.25 per cent while BSE Mid-Cap index fell by 0.69 per cent.