Markets slip on sharp correction in key stocks amid global rally

A sharp correction in stocks such as Zee Entertainment, Maruti, DLF weighs on investor sentiment

Despite solid gains in global equities, the domestic markets ended with losses on Friday following a sharp decline in key stocks such as Zee Entertainment Enterprises (ZEEL), Maruti Suzuki and ICICI Bank. 

While the domestic market, too, traded in the green for most parts of the day, negative news flow in individual stocks dampened investor sentiment. It raised concerns around corporate governance practices at India Inc.

The benchmark Sensex ended at 36,025.54, down 170 points, or 0.5 per cent — 450 points lower from the day’s high. The Nifty fell sharper by 0.64 per cent to end at 10,781 after