Summary:
Mumbai, Jan 28 (PTI) Market benchmarks reversed early gains to close in the red on Friday, capping a week of heavy declines triggered by a hawkish US Federal Reserve, geopolitical tensions and unabated foreign fund outflows.
Starting off on a high note, the 30-share BSE Sensex soared above the key 58,000-level, before plunging to a low of 57,119.28.
After fighting bouts of volatility towards the fag-end of the session, the index finally closed 76.71 points or 0.13 per cent lower at 57,200.23, marking its second straight session of losses.
Likewise, the NSE Nifty too swung between gains and losses before ending 8.20 points or 0.05 per cent down at 17,101.95.
Maruti was the biggest laggard among the Sensex constituents, skidding 2.99 per cent, followed by Tech Mahindra, PowerGrid, ICICI Bank, Axis Bank and SBI.
In contrast, NTPC, Sun Pharma, IndusInd Bank, M&M, Wipro and ITC were among the prominent gainers, jumping as much as 3.89 per cent.