After a strong session yesterday, Indian Stock Markets registered decline on Friday. The benchmark index ended on a weak note sliding 241 points to 11,876, it touched an intra-day high of 12,180 points. The Nifty fell 1.72% or 63 points to settle at 3,620 after hitting a high of 3710. The BSE Midcap Index ended down 0.4% and the BSE Smallcap Index ended down 0.9%. Banks, metals, telecom and IT shares led the fall in the markets today.

For the week, the Sensex was however up 4.1 %, Nifty ends up 4.2% and Nifty Junior up 4.2%. And sectorally, the BSE Metal Index up 14.5%, BSE Cap Goods Index up 7.2% and BSE Bank Index up 5.3%.

Inflation saw a rise again. Inflation for the week-ended April 25 came in at 0.7% versus 0.57% last week.

Movers & Shakers

The BSE banking index fell 3.2 % on heavy selling in ICICI Bank, Yes Bank and SBI. The stocks dropped over 3 % each.

The metal index on the BSE shed 2.5 %, with Sterlite, JSPL, JSW Steel and Tata Steel down nearly 4 % each.

The BSE IT index lost 2.1 %. Wipro tanked 6% and Infosys was down 2.47%.

The realty index fell 1.1 %. Dlf and Unitech were down 2%, but DLF and Ibrealestate were up 1% each.

In the Telecom space Reliance Comm declined 4.11%. Idea Cellular and Bharti Airtel fell 1.4% each.

In the Sensex Wipro was the biggest loser in the pack, down 6.6 % to Rs 355. ICICI Bank, Reliance Infra and Sterlite were the other losers in the group, down over 4.9 % each.

On the other hand, JP Associates up 2.5 % was the top gainer in the group.