Markets end lower, Sensex slips 79 points; Nifty below 10,600

NEW DELHI: Markets on Friday finished in red with the benchmark BSE Sensex losing nearly 80 points and the broader NSE Nifty closing below the 10,600-mark. Sensex slipped 79 points or 0.22 per cent to end at 35,159, while Nifty lost 13 points or 0.12 per cent to close at 10,585.

Bharti Airtel, Infosys, Tata Consultancy Services (TCS), Reliance Industries were among the major losers on the BSE index, sliding as much as 2.93 per cent. On NSE, sub-indices Nifty Metal and IT were the worst performers, down as much as 0.87 per cent.

The stock indices opened on a negative following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month.

In broader Asia, stocks pulled back from one-month high as the US Federal Reserve appeared poised to deliver another interest rate hike next month.

“We don’t have much of a positivity from Asia...volatility is also slightly up, being the last working day of the week,” said Anand James, chief market strategist at Geojit Financial Services.

(With inputs from Reuters)