Sensex, Nifty trim losses; Titan, Kalyan rally up to 5%

Equity benchmark indices opened with cuts on Friday tracking losses in global markets after strong private jobs data in the US raised rate hike fears. The BSE Sensex fell 155 points to 65,628, and the NSE Nifty50 slipped 46 points to 19,450.

Tech M, Power Grid, HCL Tech, Bharti Airtel, ICICI Bank, Divi’s Lab, Cipla and Hindalco led losses on the Sensex and Nifty.

On the flip side, Titan, Reliance, Nestle, M&M, HUL, SBI Life and Tata Consumer were among the few frontline gainers.

Titan and Kalyan Jewellers zoomed 3 per cent and 5 per cent after the two reported 20 per cent and 31 per cent yearly revenue growth for Q1, respectively.

The broader markets were mixed. The BSE MidCap index fell 0.13 per cent while SmallCap pocket rose 0.22 per cent.

Among sectors, Nifty Realty and Consumer Durable indices led gains, rising up to 1 per cent. Auto, Metal and PSB pockets also held tepid gains.