Sensex extends losses...Nifty drifts lower

It was the second straight day of losses for the Indian markets on Friday. The NSE Nifty has lost nearly 90 points and the BSE Sensex has lost almost 300 points in the past two days. Today’s decline was led by the Metals, Auto and the Power stocks. Even, the Mid-Caps and the Small-Cap continued to be battered. However, defensives like the Pharma and select IT stocks bucked the negative trend.



"Market players preferred to book profits ahead of the monthly US jobs data, in ddition movement in the currency market also was closely watched", says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex slipped by 65 points to close at 20,250. The NSE Nifty 17 points to close at 6,103.