Weak Q1 earnings drag Sensex down 501 pts,Nifty below 25k

The domestic share market indices ended on a lower note on Friday weighed down selling in financial shares, weak quarterly results, and muted global cues.At close, the Sensex was down 501.51 points or 0.61 percent at 81,757.73, and the Nifty was down 143.05 points or 0.57 percent at 24,968.40. About 1619 shares advanced, 2265 shares declined, and 153 shares unchanged.
Wipro, Bajaj Finance, Tata Steel, ONGC, Nestle India were the top gainers on the Nifty,while losers included Axis Bank, Shriram Finance, Bharat Electronics, HDFC Life, Bharti Airtel.On the sectoral front,except media and metal, all other sectoral indices ended in the red with pharma, Private Bank, PSU bank, FMCG, capital goods, consumer durables, telecom down 0.5-1 percent.BSE Midcap and smallcap indices shed 0.6 percent each.
Rupee Close: 
On 18 July'25,the Indian rupee gave up initial gains and ended 4 paise lower to close at 86.16 against the US dollar on Friday, dragged by foreign fund outflows, rising global crude oil prices and a steep decline in domestic equity markets.However, a weak greenback against major currencies prevented a sharp depreciation in the local unit, forex traders said.
Trading Guide: 
Market experts recommended five shares to buy on Friday-R R Kabel, Kajaria Ceramics, Syrma SGS Technology, Asahi India Glass, and Chalet Hotels.

(Business Correspondent)