Key Indian benchmarks closed in negative territory on Friday
Mumbai, May 18 (IBNS): The Indian market continued with its downward trend on Friday with BSE Sensex down 300.82 points at 34,848.30 and NSE Nifty down 86.30 points at 10,596.40.
Surging global crude oil price and its consequent impact on the Indian economy kept the market subdued on Friday, according to media reports.
Uncertainty over the formation of government in Karnataka also left a negative impact.
Some of the top gainers on Friday were HUL, Kotak Mahindra, Tech Mahindra, Bajaj Finane, Bajaj Finserv, IndusInd Bank, ITC and Hero Motocorp while L&T, Sun Pharma, ICICI Bank, Cipla, Wipro, Tata Motors and Tata Steel were among the stocks that declined.