Market Closing: Sensex falls 678 points; Nifty below 17,700
Market Closing: Sensex falls 678 points; Nifty below 17,700
Share:

The Sensex fell 678 points on Friday, tracking losses in index heavyweights Reliance Industries, Infosys, and HDFC Bank amid a global market downturn. The Sensex index fell 677.77 points, or 1.13 percent, to 59,306.93 points. Similarly, the Nifty of the National Stock Exchange (NSE) fell 185.60 points, or 1.04 percent, to 17,671.65. With a loss of over 3 percent, Tech Mahindra led the Sensex pack, followed by NTPC, IndusInd Bank, Kotak Bank, and Reliance Industries. UltraTech Cement, Tata Steel, Maruti, Titan, and Dr. Reddy's, on the other hand, were among the gainers. Mid- and small-cap stocks finished mixed, with the Nifty Midcap 100 index flat and the Nifty Smallcap 100 index down 0.4 percent.

Six of the NSE's 15 sector indices finished lower, led by a 1 percent drop in the Nifty Private Bank and Information Technology indexes. The Nifty Oil & Gas, Financial Services, and Bank indices were all down on the day. Auto, pharma, metal, media, and PSU bank stocks, on the other hand, saw increased buying interest.

Even though the ECB decided to keep policy rates unchanged despite inflationary pressures, European markets are seen as weak. Following slow GDP growth and disappointing earnings from tech giants, U.S. futures were trading in the red.

On Thursday, foreign institutional investors sold Rs 3,818.51 crore worth of stock, while purchasing Rs 836.6 crore worth of stock. According to NSDL data, FIIs have sold shares worth more than Rs 11,000 crore this month. Meanwhile, Brent crude, the international oil benchmark, rose 0.23 percent to $83.85 per barrel.

Latest gold and silver prices

Here car's tank will be full for just Rs 50

Know the prices of Petrol-Diesel reduced or increased today

 

Join NewsTrack Whatsapp group
Related News