Profit booking kicked in on Dalal Street as bulls retreated into the weekend on a backfoot. Sensex shed 984 points to end the day at 48,782 and the 50 stock benchmark Nifty shut shop at day's low at 14,631 in Friday's trade. Profit booking weighed on markets following four straight sessions of gains despite the raging covid crisis in the nation.
Buying in pharma stocks was the only spot of green on the screen, with Bank Nifty leading the losses in the sectoral indices with HDFC twins sinking 4%, followed by ICICI and Kotak Mahindra Bank.
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2% higher each.