1 hr ago
Sensex, Nifty End Lower After Intraday Market Volatility
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.
The BSE Sensex fell 120.83 points, or 0.16%, to settle at 74,781.76.
The NSE Nifty declined 79.70 points, or 0.34%, to close at 23,398.10.
The Sensex dropped as much as 742.43 points during the session, while the Nifty fell 246.4 points.
HDFC Bank and information technology stocks helped the market recover from its intraday lows.
Brent crude fell 3.19% to USD 104.20 per barrel, while foreign institutional investors sold equities worth Rs 438.24 crore on Thursday.
- Who
- India’s benchmark stock indices, the BSE Sensex and NSE Nifty, along with domestic and foreign investors.
- What
- The Sensex and Nifty ended lower after recovering from sharper intraday declines.
- Where
- Indian stock exchanges, including the BSE and NSE.
- When
- Friday; the article does not provide a calendar date.
- Why
- The decline followed weak global market signals, continued foreign outflows and geopolitical uncertainty, while buying in HDFC Bank and IT stocks limited the losses.
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










