Indian benchmark indices decline on Friday, SC refuses urgent hearing on Budget postponement plea
BSE Sensex was down 119.01 points at 26759.23 and NSE Nifty fell 30 points to 8243.80 on Friday.
According to media reports, concerns over H-1B visas and negative trend seen in European markets affected market sentiment.
The top stocks that gained on the BSE Sensex on Friday were ONGC, Asian Paints, Dr Reddy's Labs, HDFC Bank, and HDFC. The top losers were Infosys, TCS, Wipro, ITC and Power Grid.
On Friday, the Supreme Court of India refused an urgent hearing of a plea filed by Advocate ML Sharma seeking the postponement of the General Budget owing to Assembly elections in five states. The bench headed by Chief Justice JS Khehar said that this was not urgent and will be heard when the petition comes up, media reported.
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