Market Highlights: Sensex slips 190 points, Nifty ends below 12,000 ahead of Budget 2020

The benchmark indices on BSE and NSE settled around 0.5 per cent lower ahead of the union budget 20-21. (Representational image)

Share/Stock Market Highlights: The benchmark indices on the BSE and National Stock Exchange settled around 0.5 per cent lower on Friday, ahead of the presentation of Union Budget 2020 in Lok Sabha.

The S&P BSE Sensex settled at 40,723.49, down 190.33 points (0.47 per cent), while the Nifty 50 slipped below the 12,000-mark to end at 11,962.10, down 73.70 points (0.61 per cent).

Among the sectoral indices on NSE, the Nifty metal index was the worst performer of the day after it fell 2.28 per cent dragged by NMDC, National Aluminium Company and JSW Steel. This apart, the Nifty Pharma index slipped 1.20 per cent weighed by Glenmark Pharmaceuticals and Piramal Enterprises.

In the broader market, the S&P BSE MidCap settled at 15,459.08, down 97.26 points (0.63 per cent), while the S&P BSE SmallCap closed at 14,665.54, down 38.42 points (0.26 per cent).

(with inputs from agencies)