Domestic markets slipped in trade on Friday, led by banks and financial stocks post RBI announcements which failed to give positive impact on investors.
The Sensex closed 260 points lower at 30,672, whereas the Nifty50 slipped 67 points to close at 9,039-mark.
Axis Bank, HDFC, Bajaj Finserv, Bajaj Finance, and Hindalco were the top losers, while, Zeel, Mahindra and Mahindra, Cipla, Shree Cement, and Infosys were the top gainers. Get the updated Best stock to buy and Free Nifty option tips from the expert.
Financial stocks slipped with Nifty Financial Services and the Nifty Bank index down by 3.06-pc and 2.57-pc respectively, after RBI extended the moratorium period by another three months till 31-Aug-2020.
For the week, Nifty lost 1-percent and the Sensex dropped 1.4-percent, each, while Nifty Bank dropped 8-percent. This is the third consecutive week of falls for the benchmarks.