The Nifty snapped its six-day winning streak on Friday amid concerns over increasing foreign portfolio investor (FPI) flows to China.
Losses in banking heavyweights HDFC Bank and ICICI Bank weighed on the markets but gains in Reliance Industries and IT majors Infosys and HCLTech helped mitigate losses. After gaining 3.3 per cent in the previous six sessions, the Nifty ended at 26,179, a decline of 37 points or 0.14 per cent.
The Sensex ended the session at 85,572, a drop of 264 points, or 0.3 per cent. FPIs were net sellers to the tune of ₹1,209 crore, and domestic institutional investors (DIIs) were net buyers to the tune of ₹6,887 crore. The robust flows from DIIs were on account of the rebalancing of Nifty indices.
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