Bourses snap three-day rally on profit-taking in blue-chip stocks

Snapping its three-day gaining streak, benchmark BSE Sensex declined by 387 points on Friday due to profit-taking in blue-chip shares HDEC Bank and ICICI Bank.

- OUR CORRESPONDENT

The 30-share BSE Sensex tanked 387.73 points or 0.47 per cent to settle at 82,626.23. During the day, it dropped 528.04 points or 0.63 per cent to 82,485.92.

The 50-share NSE Nifty declined 96.55 points or 0.38 per cent to 25,327.05.

Banking, FMCG, and IT shares fell due to profit-taking while energy, realty, and metal shares emerged as gainers.

Among Sensex firms, HCL Tech, ICICI Bank, Titan, Trent, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra and HDFC Bank were the major laggards.