Top gainers and losers on November 8: Trent falls over 3.5% as NIFTY settles near 24,150; check the full list

Benchmark indices, NIFTY and SENSEX, declined for the second straight day on Friday, November 8, due to losses in oil and gas and banking shares even as the US Fed interest rate cut by 25 basis points on expected lines.

NIFTY closed lower by 51 points, or 0.21%, at 24,148.2, with 27 of its constituents ending in red and 23 in green. The key index opened lower and hit a low of 24,066 in early trade.

The barometer traded in green in late morning deals, but increased selling dragged it down soon after. The index touched a high of 24,276.15 in day trade.

The 30-share SENSEX declined 55.47 points, or 0.07%, to close at 79,486. As many as 15 SENSEX stocks ended lower while the rest with gains.

In the broader market, NIFTY Midcap 100 indices fell up to 1.3%, while NIFTY Smallcap 100 indices declined 1.7%.

Among NIFTY sectoral indices, Media, Realty and PSU bank were the major losers. NIFTY IT bucked the trend on gains in Tech Mahindra, Infosys and Wipro. FMCG shares also advanced.

Stock markets had already priced in a 25 basis point cut by the US Fed, and the central bank's avoidance of any future guidance on rate cuts disappointed traders.

Trent, Coal India, Asian Paints lead losers

M&M, Titan, Tech Mahindra lead gainers