MUMBAI: The Indian stock market ended in negative territory on Friday following selling in banking stocks and the broader market, after subdued Q1 earnings in the finance and IT sectors.
Persistence FII outflows due to trade deal concerns have also played a role in dragging down markets.
Sensex ended the session at 81, 757.73, down 501.51 points or 0.61 per cent against last day's closing of 82, 259.24. The 30-share index started the session in the negative territory at 82, 193.62 and dragged down further to hit an intra-day low at 81, 608.13 amid selling pressure in banking heavyweights like Axis Bank and HDFC Bank, and Kotak Bank.
Nifty settled at 24, 968.40, down 143.05 points or 0.57 per cent.
Meanwhile, 33 stocks declined and 17 advanced from the Nifty50.
All broader indices concluded the session in red, amid selling pressure. Nifty Next 50 fell 486 points, Nifty Midcap 100 declined 414 points, and Nifty Smallcap 100 dropped 157 points.