Domestic stock benchmarks on Friday wiped most of previous day’s gains amidst series of macro-economic concerns such as high valuations and want of earnings growth remained fundamental issues.
The BSE benchmark Sensex plunged 407.14 pts to end at 39,194.49, while NSE frontline index Nifty settled at 11,724.10, down 107.65 points.
Among 50-scrip Nifty stocks, 20 stocks ended in the red with YES Bank, MarutiSuzuki, HDFC, HindustanUnilever and HeroMotoCorp, being top losers, while major gainers were UPL, Hindalco, Indiabulls Housing, TechMahindra and SBI.