Stock Market Today: Nifty, Sensex Log Worst Selloff Since August Ahead Of Key US Jobs Data

• Nifty FMCG top gaining sectoral index, up 0.18% this week; gains led by Radico Khaitan, Marico

• Most sectoral indices decline this week

• Nifty PSU Bank, Nifty Oil & Gas top sectoral laggards; fall 4.7% and 3.2% respectively

• Nifty PSU Bank falls second week in a row; Indian Bank, Canara Bank drag

• Nifty Oil & Gas snaps three-week gaining streak; Oil India, Aegis Logistics drag

• Nifty falls 1.5%, snaps three-week winning streak; Coal India, ONGC top drag

• Nifty Midcap 150 falls 1.1% this week; Oil India, Vodafone Idea drag

• Nifty Smallcap 250 records four-week gaining streak, up 0.76%; Jai Balaji Ind., Piramal Pharma lead

The Indian rupee strengthened by 3 paise to close 83.95 against the US dollar. It closed at 83.98 on Thursday.

Source: Bloomberg

India's benchmark indices extended losses on Friday, recording its worst week in over three months as fears griped over the health of the US economy ahead of the release of jobs data.

The NSE Nifty 50 closed 1.1% or 275.75 points lower at 24,869.35 to extend fall to third consecutive session. The BSE Sensex closed 1.24% or 1,017.23 points down at 81,183.93, its fourth day of decline.

Both indices lost nearly Rs 4 lakh crore in value.

Stock of the day is State Bank of India declined 4.4% after Goldman Sachs downgraded the stock's rating to 'sell' from 'neutral' earlier citing headwinds like peak return on assets ratio, increasing credit costs, and expectations of a lower loan growth.

Shares of Reliance Industries Ltd, ICICI Bank Ltd, and SBI contributed the most to the losses in the Nifty.

Bajaj Finance Ltd, Asian Paints Ltyd, and HDFC Bank Ltd. advanced the most.

All sectoral indices on the NSE declined, with the Nifty PSU Bank being the top loser.

Broader indices also declined in line with benchmarks as the BSE MidCap closed 1.41% lower and the BSE SmallCap ended 0.96% down.

All sectoral indices on the BSE ended lower, with Telecom falling the most.

The market breadth was skewed in the favour of the sellers as 2540 stocks fell, 1407 rose and 87 remained unchanged on the BSE.

• Nifty extended fall to third consecutive session and Sensex to a fourth

• Nifty ends 1.1% or 275.75 points lower at 24,869.35

• Sensex ends 1.24% or 1,017.23 points down at 81,183.93

• Intraday, Nifty fell as much as 1.37% to 24,801.3 and Sensex lost as much as 1.48% to hit a high of 80,981.93

• Both Nifty and Sensex hit its lowest level since August 26

• Broader indices also ended lower; Nifty Midcap 100 ended 1.59% lower while Nifty Smallcap 250 closed 1.25% down.

• All sectoral indices ended lower; Nifty PSU Bank fell the most

• Asian Paints, JSW Steel and Bajaj Finance were top Nifty gainers

• SBI and BPCL were top losers among Nifty stocks

Indian VIX, that measures volatility, rose 7% to 15.25.