Stock markets saw a price correction on the first session of the new derivative series on Friday as the Sensex and the Nifty ran up losses at the close amid muted corporate earnings. leads from global markets were not supportive either. The selling took hold at the start of August futures and options (F&O) series in the derivatives segment, traders said.
The NSE index struggled and ended at 10,014.50, down 6.05 points, or 0.06 per cent, from the previous close after hitting a low of 9,944.50. A spell of buying towards the end arrested the slide for the BSE Sensex, which closed lower by 73.42 points, or 0.23 per cent, at 32,309.88. The index had gained 155.03 points in the previous two sessions and closed at lifetime high of 32,383.30 Thursday.
Both indices, however, registered gains for the week, their fourth straight weekly advance. From the week point of view, the Sensex climbed 280.99 points, or 0.87 per cent, while the Nifty gained 99.25 points, or 1 per cent.