Sensex Trims Loss, Down 150 Pts; Nifty50 Below 18,000

Domestic markets opened lower in Friday’s trade, as global sentiments turned negative on rate hike concerns.

Key indices Nifty50 declined over 50 points to trade below 18,000 levels, whereas the S&P BSE Sensex dropped over 250 points to trade around 61,048 levels.

Broader markets, too, fell in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 per cent. Volatility gauge, India VIX, meanwhile, rose 1 per cent.

Barring Nifty Metal index, which help marginal gains in a bearish market, all other sectors plunged in the sea of red. Nifty IT, Nifty Pharma, and Nifty PSU Bank indices declined the most, up to 0.7 per cent.

Among individual stocks, shares of RailTel Corporation gained over 2 per cent after the company bagged Rs 27.07 crore worth of order from Bangalore Metro Rail.

Besides, shares of RPP Infra Projects soared over 9 per cent after the company secured a new order worth Rs 59.92 crore.