Stock market highlights: Profit booking engulfed equity markets on Friday as rate hike fears by the US Federal Reserve, amid strong labour market data and hawkish FOMC minutes, dented investors' sentiment. The S&P BSE Sensex tumbled 505 points, or 0.77 per cent, to end at 65,280. The index hit an intra-day low of 65,176 during the day.
The Nifty50, on the other hand, slipped below the 19,350-mark to settle at 19,332, down 166 points or 0.85 per cent. The index's intra-day low was 19,304.
PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins were the top laggards in the large-cap space, dropping between 1 per cent and 3 per cent.
In the broader markets, the BSE MidCap index fell in-line with the frontline indices as it ended 0.76 per cent down. The BSE SmallCap index, meanwhile, slipped only 0.28 per cent.
Among sectors, the Nifty FMCG, Private Bank, and Realty indices declined over a per cent each. On the upside, the Nifty Media index zoomed 4 per cent, followed by the Nifty PSU Bank index (up 1 per cent).