Sensex tanks 699 pts | Nifty cracks below 8,300

Despite a lot of gains in the equity market on Thursday, The equity market closed lower on Friday due to profit booking. Nifty ended below 8300 for the first time in four months. Finally Nifty ended down 229.45 points or 2.7 percent at 8296.30 and Sensex was down 698.86 points or 2.5 percent at 26818.82. About 492 shares have advanced, 2196 shares declined, and 143 shares were unchanged. Sensex opened at 27,345, touched an intra-day high of 27,345 and low of 26,777. Nifty opened at 8,457, hit an intra-day high of 8,461 and low of 8,285. The BSE Midcap and the Smallcap index closed on the negative note.
Sun Pharma gained 3.30 percent in the Sensex while M&M, Adani Ports, ICICI Bank, Hero Motocorp, and Asian Paints were the losers in the Sensex.