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Equity market slip on oil, fund outflows; banking stocks down

Mumbai: Heavy fund outflows, along with a continuous rise in global crude oil prices and caution ahead of key micro-economic data, dragged the Indian equity market into the red on Friday.

Accordingly, the benchmark Brent crude futures price crossed the $ 62 a-barrel-mark.

Index-wise, the NSE Nifty50 declined by 33.55 points or 0.31 per cent to settle at 10,821.60 points.

The S&P BSE Sensex closed at 36,009.84 points, lower by 96.66 points or 0.27 per cent from the previous close of 36,106.50 points.

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