Markets decline after initial rally
MUMBAI [Maha Media]: Stock markets gave up early gains and traded lower on Friday amid a sharp fall in IndusInd Bank shares and relentless foreign fund outflows.
The BSE Sensex climbed 130.56 points to 80,195.72 in early trade. The NSE Nifty went up by 36.9 points to 24,436.30.
However, the selling pressure soon dragged both the indices down. The BSE benchmark traded 197.47 points lower at 79,875.03 and the Nifty quoted with a cut of 89.20 points at 24,310.20.