The stock market lost for the fourth day in a row. The Sensex fell 434 points on Friday. The market witnessed a fall below 51,000.
The Nifty was down 137 points. Nifty fell by 14,898 points to close at 14,981. The Sensex ended at 50,899.
Selling pressure was strong on stocks in all sectors. Bank Nifty lost 2 per cent. After four consecutive days of progress, public sector banks also came under correction. The Nifty Public Sector Bank Index fell by 4.8 per cent.
The Nifty Auto Index was down 2.6 per cent, the Nifty Metal Index was down 2 per cent and the Nifty Pharma Index was down 1.4 per cent. The decline was evident in all sectors of the market. The Nifty Midcap Index was down 1.6 per cent and the Smallcap Index was down 0.9 per cent. 1176 shares of the NSE lost while 716 shares gained.