Stock market ends in red on the last day of the trading week
The stock market closed on the red mark in Friday’s trading session. Following the weak trend in global markets, investors have started selling in healthcare, consumer durable and commodity stocks. Because of this, Sensex and Nifty remained under selling pressure today. Given the fall in the stock market, traders said foreign fund withdrawals and heavy selling in HDFC shares also affected investor sentiments.
After swinging nearly 500 points between gains and losses during the day today, the BSE Sensex closed 221.09 points or 0.33 per cent lower at 66,009.15. At the same time, during the day, it reached a high of 66,445.47 and a low of 65,952.83. Similarly, Nifty fell 68.10 points or 0.34 percent and closed at 19,674.25.
In early trading today, global financial firm JPMorgan said it plans to include Indian government bonds (IGBs) or government securities (G-Secs) in its emerging markets index from next year. After this the benchmark indices rose.
Wipro shares were the biggest losers in the Sensex chart today with a fall of 2.32 percent. This was followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. At the same time, shares of IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv closed with gains.
Global market situation
In Asian markets, Seoul and Tokyo closed in the negative zone while Shanghai and Hong Kong closed in the green. European markets were trading mostly lower. US markets closed in negative territory on Thursday.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,007.36 crore on Thursday. Global oil benchmark Brent crude rose 0.59 percent to US$93.85 per barrel.
