Stock market closed: The decline in stock markets is not stopping, Sensex fell by 770 points.
Mumbai. BSE Sensex fell 769.67 points (0.94 percent) to close at 81,537.70 points as selling dominated the domestic stock markets on Friday after an initial rise. The Nifty-50 index of the National Stock Exchange also fell by 241.25 points or 0.95 percent at 25,048.65 points. The weakening of the rupee against the dollar also affected investment sentiment in the stock market.
According to provisional information, the rupee fell by 42 paise today and fell to 92 per dollar for the first time. The indices of medium and small companies were in a worse condition. Nifty Midcap-50 index fell by 1.94 percent and Smallcap-100 index fell by 1.95 percent. All-round selling was seen in the market and indices of all sectors remained in the red.
Banking, realty, health, oil and gas, auto, finance and media sectors were under pressure. Adani Ports’ share fell by more than 7.5 percent among Sensex companies. There was a decline of more than six percent in Eternal and more than four percent in Indigo. Shares of Axis Bank, Bajaj Finserv and Power Grid fell between two to three percent.
Maruti Suzuki, BEL, State Bank of India, NTPC, Bajaj Finance, L&T, Trent and Reliance Industries fell between one and two per cent. Shares of Tata Steel, Kotak Mahindra Bank, Mahindra & Mahindra, Bharti Airtel, ITC and HDFC Bank were also in the red. Hindustan Unilever shares closed up about one percent. Tech Mahindra, Infosys, Asian Paints and TCS also gained momentum.
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