The NSE Nifty closed with a loss of 229 points at 8,698. It opened at 8,457, hit an intra-day high of 8,461 and low of 8,285.
The domestic market opened lower on Friday. The Sensex dropped over 300 points while Nifty slipped below 8,450 mark. There was selling pressure seen in HDFC, ITC and ICICI Bank.
All sectors witnessed weakness on NSE except pharma index in green.
IPCA Lab jumped 2.3% after the company has posted a net profit of Rs 54.9 crore for the quarter ended September 30, 2016 as compared to Rs 12 crore for the quarter ended September 30, 2015.
Reliance Defence and Engineering slipped 2%. The company’s standalone net loss narrowed to Rs 116 crore for the quarter ended September 30. It had posted a net loss of Rs 170 crore in the July-September period of the previous fiscal.