Here's how the last day of the week was at Dalal Street

The Nifty snapped a 2-day rally on Friday as traders remained on sidelines ahead of the weekend and concentrated more on earnings related stocks rather than blue chips.

The Nifty fell 24 points to end the week at 8,565. Its Advance-Decline ratio was 16/34 with BHEL, Coal India, State Bank of India and Bank of Baroda leading the loser's side. ONGC, Tata Motors, BPCL and Vedanta were on the gainers list on the Index, which added 0.4 percent this week. BHEL was the most actively traded stock on the Nifty with 2.02 crore shares changing hands.

There was all-round profit booking with major indices such as CNX Nifty Junior, CNX 100, CNX 200 and CNX 500 ending in the red.

The Bank Nifty dropped 134 points to 18,893 as traders booked partial gains after a 6-day advance. The CNX PSU bank Index was the top loser, down 2.4 percent. The trend in other sectoral indices was bearish. CNX Metals, CNX IT, CNX Media and CNX FMCG lost ground.

On the Bombay Stock Exchange, the Sensex fell 62 points to close at 28,237 points. NTPC, Bajaj Auto, Cipla and TCS were the top losers on the Index, whereas Hindalco, Sun Pharma and Infosys posted modest gains. The Advance-Decline Ratio stood at a negative 10/20 on the Sensex, which rose 0.5 percent this week.

Bears dominated the wider market for the second day running with just 1,373 stocks gaining ground versus 1,547 fell below Thursday's closing prices.

The trend remained flat in the derivatives space with Nifty Futures closing just a shade below the 8,600-point mark. Media, Capital goods, Fertilisers and Textiles sectors were top prices losers with rising open interest. The Advance-Decline Ratio favoured the bears with a ratio of 63/96 in the futures and Options market.

The weekly picture favoured beaten down stocks with top gainers including: JP Power, JP Associates, Union Bank and Ceat. Top losers were led by JSW Energy, India Cements, BHEL and Coal India.

BHEL was the biggest disappointment when it came to earnings, as also Bombay Dyeing and Monte Carlo. Big cheers were reserved for KEI Industries, Neyveli Lignite, Finolex Industries and Repco Home Finance that announced brilliant set of numbers.

Image credit: Indiatimes