Sensex Down 200pts, Nifty Below 19,650; Smallcaps Outrun

Domestic markets inched lower in Friday’s intra-day trade, tracking subdued global cues.

Frontline indices the S&P BSE Sensex declined over 100 points to trade around 66,129 levels, whereas Nifty50 slipped below 19,650 levels.

Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.2 per cent.

Sector-wise, Nifty FMCG and Nifty Media indices gained up to 0.2 per cent, whereas Nifty Pharma, Nifty Bank, and Nifty Oil and Gas skid up to 0.4 per cent.

Among stocks, shares of Ajanta Pharma surged 7 per cent after net profit rose 19 per cent year-on-year (YoY) in the June quarter (Q1FY24).

Besides, shares of Bharat Electronics jumped 2 per cent on 23 per cent YoY rise in Q1 net profit to Rs 531 crore.