‘Black Friday’ in the stock market, Sensex fell by 1,048 points, investors lost lakhs of crores in a single day

Share Market Highlights: The Indian stock market closed in the red in Friday’s trading session. At the end of the day, Sensex was at 82,626.76 with a weakness of 1,048.16 points or 1.25 per cent and Nifty was at 25,471.10 with a weakness of 336.10 points or 1.30 per cent. Metal stocks led the market decline. Due to this, Nifty Metal (3.31 percent) and Nifty Commodities (2.24 percent) were the top losers in the indices.

Apart from this, Nifty Realty (2.23 per cent), Nifty Energy (2.04 per cent), Nifty FMCG (1.90 per cent), Nifty Oil&Gas (1.88 per cent), Nifty PSE (1.68 per cent) and Nifty Consumption (1.63 per cent) closed with weakness.

Today’s Top Gainers and Losers

HUL, Eternal, Tata Steel, Titan, TCS, Power Grid, BEL, Asian Paints, M&M, HDFC Bank, HCL Tech, NTPC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and Indigo were among the losers in the Sensex pack. At the same time, only Bajaj Finance and SBI closed in the green.

Along with largecaps, selling was also seen in midcaps and smallcaps. The Nifty Midcap 100 index closed at 59,438 with a weakness of 1,032.85 points or 1.71 per cent and the Nifty Smallcap 100 index closed at 17,032.90 with a weakness of 311.20 points or 1.79 per cent.

Effect of weakness of American markets

Rupak De at LKP Securities said Nifty started with a decline following weak cues from US markets. The index ended the day with a big fall. India Vix has again crossed the 200 DMA, which shows the increasing fear of market participants. He further said that the support for Nifty is around 25,500. If it breaks then Nifty can also touch the figure of 25,000. The resistance level for this is around 25,800.

On the other hand, crude oil is seeing a rise. Till the time of writing the news, Brent crude was up by 0.55 percent at $ 68 an ounce and WTI crude was up by half a percent at $ 63 an ounce.

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Movement of foreign investors in domestic market

Weak start to trading this morning. There was strong selling in IT shares. The IT index had fallen 1.8%. Bank Nifty was down 58 points at 60,697. Today heavy selling was also seen in midcap and smallcap indices. foreign institutional investors (FIIs) bought for the fourth consecutive day. There was a net purchase of about ₹429 crore including index and stock futures including ₹944 crore in cash. At the same time, domestic funds made light selling of about ₹125 crore after two days of buying.