Heavy fall in Sensex-Nifty, markets opened with red mark due to weak trend of global markets.
Mumbai. Due to weak trend of global markets and continuation of US-Iran conflict, Sensex and Nifty recorded a huge fall in early trade on Friday. Crude oil prices remaining above $100 per barrel and continued withdrawal of foreign capital have also discouraged investors. BSE Sensex fell 926.92 points to 74,346.53 in early trade while NSE Nifty fell 280.95 points to 23,025.50.
Among the 30 companies included in the Sensex, shares of Bajaj Finance, Larsen & Toubro, Reliance Industries, Eternal, InterGlobe Aviation and Bajaj Finserv fell the most. Shares of Tata Consultancy Services (TCS), HCL Tech, Tech Mahindra and Trent registered gains. In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 were in loss, while China’s SSE Composite and Hong Kong’s Hang Seng were in profit.
American markets closed with a heavy fall on Thursday. The price of international standard Brent crude fell by 1.17 percent to $ 106.8 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Wednesday and sold shares worth Rs 1,805.37 crore.
However, domestic institutional investors (DIIs) bought shares worth Rs 5,429.78 crore. The stock markets were closed on Thursday on the occasion of Ram Navami. On Wednesday, Sensex closed with a gain of 1.63 percent and Nifty with a gain of 1.72 percent.
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