Nifty butchered, manages to close above 5500
Nifty butchered, manages to close above 5500
Equities were shattered on Friday, dragged down by sell-off in almost all sectors.

Mumbai: Indian equities were shattered on Friday, dragged down by sell-off in almost all sectors. Realty, auto, capital goods, power, metal and healthcare companies' shares were butchered by traders. Broader indices took huge beating as compared to benchmarks this week.

The 50-share NSE Nifty showed a bit of recovery in late trade to close above 5500 level, at 5,512, down 92 points. The 30-share BSE Sensex went down 288 points to settle at 18,396.

The Realty Index underperformed others; fell 5%. Auto, Capital Goods, Power and Metal indices were down 2.3-3.5%. Oil & Gas, Healthcare, Bank and IT indices declined 1-1.7%.

However, ONGC ahead of its results today, Bharti, ICICI Bank, HUL, ITC, Reliance Infrastructure, HDFC Bank, Dr Reddy's Labs and Cipla were only gainers, which limited losses in late trade.

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