Bourses continue to remain under bear's grip, Sensex falls 135 points

Mumbai: Market benchmarks gave up intra-day gains to close in the red for the sixth session on the trot on Friday, capping a bruising week which saw a massive dash for safety amid rate hikes by global central banks and fears of slowing growth.

After a see-saw session, the 30-share BSE Sensex declined 135.37 points or 0.26 per cent to settle at an over one-year low of 51,360.42.

Similarly, the broader NSE Nifty lost 67.10 points or 0.44 per cent to end at 15,293.50.

Titan emerged as the top laggard among the Sensex constituents, skidding 6.06 per cent, followed by Wipro, Dr Reddy's, Asian Paints, Sun Pharma, L&T, UltraTech Cement and PowerGrid.

On the other hand, Bajaj Finance, Bajaj Finserv, ICICI Bank, Reliance Industries, ITC, HDFC Bank and Tata Steel were among the gainers, spurting up to 2.63 per cent.

In the broader market, the BSE smallcap gauge declined by 0.88 per cent on Friday, while the midcap index dipped 0.68 per cent.

The rupee pared initial gains to settle just 5 paisa higher at 78.05 against the US dollar on Friday.