The market breadth was in favour of the declines with 694 stocks advancing while 1014 declined and 339 remained unchanged. On the other hand, in the BSE, 1082 stocks advanced and 1509 declined and 131 remained unchanged.
The Indian equity market extended loses and was trading on a negative note on Friday afternoon with the Nifty falling 54 points was trading at 10,625 while the Sensex was down 177 points or 0.51 percent.
Nifty infra was down close to 1 percent dragged by JP Associates which shed 2 percent while Idea Cellular was down 2 percent as well. Siemens and Tata Power were the other losers.
CNX FMCG was also trading lower led by ITV, Godrej Consumer, Emami and Godrej Industries which fell 2-3 percent. However, Marico jumped 3 percent while Britannia gained 1 percent.
Nifty pharma shed 1.5 percent as stocks like Sun Pharmaceutical Industries fell 3 percent followed by Aurobindo Pharma, Cipla and GSK Pharma, which shed over 1 percent each.
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CNX Auto was also weak dragged by TVS Motor Company which was down over 3 percent while Bharat Forge, Motherson Sumi Systems fell 2 percent each. Bajaj Auto and Eicher Motors traded lower as well.
The top Nifty gainers included Adani Ports which was up 2.6 percent followed by GAIL India which gained 1.9 percent.Tech Mahindra, Tata Motors and HCL Technologies were the other gainers.
The most active Nifty stocks included PC Jeweller which zoomed 21 percent while Bharti Airtel, Hexaware Technologies, NIIT Tech and Vedanta were the other active stocks.
The top Nifty losers were Sun Pharma, Bajaj Auto, ITC, Axis Bankand Eicher Motors which were soen over 2 percent in the afternoon trade.
The top BSE gainers included PC Jeweller which zoomed 32 percent while Just Dial was up 9 percent. Rattan India gained 8 percent. Bombay Dyeing and GATI were the other gainers.
The top BSE losers included names like Hexaware Tech which tanked 12 percent while JSW Energy, Ajanta Pharma, Castrol India and Tata Elxsi were the other losers.
Manappuram Finance, Tata Chemicals and Khadim were few of the stocks that hit fresh 52-week high in the afternoon trade.
On the other hand, 106 stocks hit new 52-week low including names like BEML, Chennai Petro, Hindustan Petroleum Corporation, HCC, Idea Cellular, India Cements, Mahanagar Gas, Strides Shasun, Suzlon Energy and Vakrangee among others.