FINAL TRADE: Equities end lower on weekly expiry, Nifty sheds 221 pts to end at 24,750, Sensex plunges 500 pts

Indian equities successful Thursday's volatile commercialized aft a mildly higher opening pared each their gains and ended sharply lower. The losses were amid a broad-based sell-off led by car and realty stocks that plunged up to 3.5 per cent each.

At the close, Nifty ended 0.89 per cent oregon 221.45 points little astatine 24,749.85, portion Sensex settled 495 points oregon 0.61 per cent little astatine 81,006.61.

Meanwhile, broader markets posted adjacent sharper correction, with the Nifty Midcap 100 scale knocked down by implicit 1.5 per cent or by 900 points, portion Nifty Smallcap 100 scale was down implicit 1 per cent.

The car stocks bleeded sharply astir apt arsenic Bajaj Auto saw debased offtake with comparatively little volumes adjacent during the existent festivities. Sectorally, lone the IT scale ended successful the greenish up of results from Infosys and Wipro aboriginal today.

Mr Atul Parakh, CEO of Bigul said, "The Nifty Auto Index fell sharply today, and 1 of the reasons could chiefly beryllium Tata Motors' driblet amid concerns implicit its luxury division, Jaguar Land Rover (JLR). Weakening request and rising discounts, with Tata offering up to ₹2.05 lakh disconnected vehicles up of the festive season. Additionally, JLR's bid backlog has declined beneath pre-pandemic levels, raising further income concerns."

In India, the consolidation astir Nifty 25000 level is apt to beryllium extended with bouts of FII selling and DII buying. The reemergence of outperformance of smallcaps driven by liquidity is again becoming a origin of concern, noted Dr. Vijaykumar, Geojit Financial Services.

European markets traded with gains arsenic markets awaited the European Central Bank's involvement complaint determination aboriginal today. French CAC scale was up implicit 1 per cent astatine the past count.