Nifty settles below 24,400 level; pharma shares decline
Mumbai, Aug. 14 -- The key equity benchmarks ended with minor losses on Friday as investors assessed a slew of Q1 FY27 earnings announcements amid the ongoing results season. Sector- and stock-specific movements remained in focus, while investors also tracked the progress of the monsoon, an important factor for the broader economic outlook.
The Nifty settled below the 24,400 level, while sentiment remained subdued amid a lack of strong directional cues. Investors will monitor the movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory.
Pharma, metal and auto shares declined while media and consumer durables shares advanced.
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