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Sensex, Nifty End Lower After Intraday Market Volatility

Sensex, Nifty End Lower After Intraday Market Volatility
Sensex declines 120 points to settle at 74,781, Nifty down 79 points to 23,398 - Telegraph India · telegraphindia.com

India’s main stock markets ended slightly lower on Friday.

The Sensex and Nifty both lost points by the end of the day.

They had fallen much more sharply earlier in the trading session.

Buying in HDFC Bank and technology companies helped the markets recover.

The price of Brent crude oil also went down.

Many other Asian markets finished lower, while European markets were higher.

Foreign investors had sold Indian shares worth Rs 438.24 crore on Thursday.

Analysts said uncertainty and high oil prices could continue to make trading unpredictable.

Key facts

Sensex close
74,781.76, down 120.83 points or 0.16%
Nifty close
23,398.10, down 79.70 points or 0.34%
Sensex intraday low
74,160.16, down 742.43 points from the previous close
Nifty intraday low
23,231.40, down 246.4 points from the previous close
Brent crude
USD 104.20 per barrel, down 3.19%
Foreign institutional investors
Sold equities worth Rs 438.24 crore on Thursday
Major gainers
HDFC Bank, Tech Mahindra, HCL Tech, Eternal and Infosys
Major laggards
Tata Steel, Reliance Industries, Sun Pharma, Bajaj Finance, NTPC, Power Grid, Larsen & Toubro and Axis Bank

Quotes

Vinod Nair

Head of Research at Geojit Investments Ltd

“The market recovered from intraday lows, aided by value buying in select sectors, particularly IT, following a positive opening in European markets. Despite the rebound, weak market breadth suggests broader consolidation persists”
telegraphindia.com

Sources

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