Mumbai23 January. Indian stock markets closed with a big fall on Friday, the last day of the trading week, due to the rupee hitting a record low against the US dollar and pressure from all-round selling. BSE Sensex fell by about 770 points and stopped near 81,500 while Nifty lost 241 points and stopped near 25,000.
It is noteworthy that the decline of three consecutive trading sessions had stopped on Thursday and both the benchmark indices closed with good gains. But according to market experts, investor sentiment remained weak on Friday due to investors turning to safe investment assets and continuous withdrawal of foreign capital.
Sensex 0.94with a decline of % 81,537.70 closed on points
Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 81,537.70 points, down 769.67 points or 0.94 per cent. At one time during trading, it slipped 835.55 points to a low of 81,471.82. Among Sensex related companies, shares of seven remained strong while shares of 23 declined.
nifty 241.25 breaking points 25,048.65 off on
At the same time, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), also fell by 241.25 points or 0.95 percent and closed at 25,048.65 points. At one time during trading, Nifty had slipped to 25,025.30 points. Among Nifty related companies, shares of 12 closed in the green while 38 showed a decline. In the broader market, the BSE Smallcap index of small companies fell by 2.19 percent and the Midcap index of medium companies fell by 1.56 percent.
Adani Ports stocks fell the most by 7.52 percent
Among the companies included in the Sensex group, Adani Ports’ stock fell the most by 7.52 percent. IndiGo, Axis Bank, Bajaj Finserv, Power Grid, Bharat Electronics, State Bank of India, Maruti Suzuki, Bajaj Finance, NTPC, Trent, L&T and Reliance Industries were also major losers. On the other hand, shares of Tech Mahindra, Hindustan Unilever, Infosys, Asian Paints, TCS, Titan and UltraTech Cement closed with gains.
FII has 2,549.80 Sold shares worth crores of rupees
According to data received from the stock market, foreign institutional investors (FIIs) sold shares worth Rs 2,549.80 crore on Thursday while domestic institutional investors (DIIs) bought shares worth Rs 4,222.98 crore. In the international market, Brent crude increased by 1.03 percent to $ 64.72 per barrel.
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