Sensex slips 763 points, Nifty ends below 14,400 — metals, banks drag market lower

Mumbai, A day after claiming the landmark 50,000 level for the first time, the BSE Sensex plunged below the 49,000 mark on Friday.

It fell 746.22 points, or 1.50%, to close at 48,878.54 as heavy selling was witnessed in banking, finance and metal stocks.

The Nifty50 on the National Stock Exchange closed at 14,371.90, lower by 218.45 points, or 1.5%, from its previous close.

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The major losers on the Sensex were Axis Bank, Asian Paints and the State Bank of India.

The top gainers were Bajaj Auto, Hindustan Unilever and UltraTech Cement.

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