Stock markets closed: Due to pressure on banks and financial companies, stock markets fell, Sensex-Nifty closed in the red.
Mumbai. Domestic stock markets fell on Friday amid negative signals from abroad and the most pressure was seen on banking and financial companies. BSE Sensex fell 516.33 points (0.66 percent) to close at 77,328.19. The Nifty-50 index of the National Stock Exchange also closed at 24,176.15 points, down 150.50 points or 0.62 percent. Most of the indices in the broader market remained in the red.
However, Nifty Midcap-50 index closed 0.06 percent higher and Smallcap-100 index closed 0.22 percent higher. Investment sentiment was also affected by the decline in other major Asian markets. European markets are also witnessing a decline in early trading. Banking and financial companies were under the most pressure. A major decline was also seen in the indices of oil and gas, metal and realty groups.
Maximum buying was seen in IT group. Investors also invested money in durable consumer products groups. Shares of State Bank of India fell by more than six and a half percent among Sensex companies. Shares of HDFC Bank, Bajaj Finance, Axis Bank, UltraTech Cement, Mahindra & Mahindra, L&T, Tata Steel and ICICI Bank fell by one to two per cent. Trent, Bajaj Finserv and Eternal also declined.
Titan’s shares jumped five and a half percent. Asian Paints gained about three percent. Shares of Adani Ports, Infosys, HCL Technologies and Tech Mahindra also rose. Shares of Sun Pharma, Hindustan Unilever, NTPC, Bharti Airtel, Kotak Mahindra Bank and Indigo also closed in the green.
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