Mumbai26 December. In the absence of any major positive signals domestically, amid continuous withdrawal of foreign institutional investors, the Information Technology (IT) sector increased pressure on the Indian stock market on Friday, the last day of the trading week, and both the benchmark indices closed with losses. Due to this, BSE Sensex suffered losses for the third consecutive trading session and slipped 367 points. At the same time, NSE Nifty also fell by 100 points and reached below 26,050.
If seen, IT shares played a major role in creating pressure on the stock market. Nifty IT index closed with a fall of one percent. Apart from this, Auto, PSU Bank, Financial Services, Pharma, Realty, Energy, Private Bank, Infra and Consumption sectors also remained in the red. On the other hand, FMCG, metal and commodities sectors closed on the green mark.
Sensex 85,041.45 closed on points
The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 85,041.45, falling 367.25 points or 0.43 percent. At one time, amid weak trading, it had fallen by 470.88 points to the level of 84,937.82. Among Sensex related companies, shares of six were in profit while 24 were in decline.
nifty 26,042.30 closed on points
On the other hand, the 50-share sensitive index Nifty of the National Stock Exchange (NSE) also fell by 99.80 points or 0.38 percent and closed at 26,042.30 points. The index closed with losses for the second consecutive day. Among Nifty related companies, shares of 16 remained in the green while 34 showed weakness.
Weakness was also seen in midcap and smallcap shares.
Along with largecap, weakness was also seen in midcap and smallcap stocks. The Nifty Midcap 100 index ended 136.90 points or 0.23% lower at 60,314.45, while the Nifty Smallcap 100 index slipped 13.50 points to 17,695.10.
Bajaj Finance stocks fell the most by 1.48 percent
Among the companies included in the Sensex group, Bajaj Finance’s stock fell the most by 1.48 percent. Shares of Asian Paints, HCL Tech, Tata Consultancy Services, Eternal and Sun Pharma also declined significantly. On the other hand, shares of Titan, NTPC, Axis Bank, UltraTech Cement, Reliance Industries and Hindustan Unilever closed with gains.
FII has 1,721.26 Net sale of shares worth crores of rupees
According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 1,721.26 crore on Wednesday while domestic institutional investors (DIIs) bought shares worth Rs 2,381.34 crore. Meanwhile, global oil benchmark Brent crude rose 0.31 percent to $62.43 per barrel.
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