6 hrs ago
Sensex and Nifty Finish Mixed as IT Stocks Weaken
The stock market had a mixed day on Friday.
The Nifty index went up by 76 points.
The Sensex index went down.
Cheaper crude oil helped the market.
However, IT companies and Tata Group companies performed poorly.
Tata Consultancy Services lost the most among the listed Sensex companies.
Other companies, including Adani Ports and HDFC Bank, gained.
Overall, one major market index rose while the other fell.
The Sensex and Nifty ended mixed on Friday.
The Nifty gained 76 points, while the Sensex declined.
Lower crude oil prices were outweighed by weakness in IT stocks and Tata Group counters.
Tata Consultancy Services fell 4.33%, the biggest decline among the 30 Sensex companies listed.
Adani Ports, Power Grid, HDFC Bank and Bharti Airtel were among the major gainers.
- Who
- The Sensex and Nifty, along with listed companies including Tata Consultancy Services, Titan and Adani Ports.
- What
- The benchmark indices ended mixed, with the Nifty gaining 76 points and the Sensex declining.
- Where
- When
- Friday; the market close was reported at 17:08.
- Why
- Lower crude oil prices supported the market, but weakness in IT stocks and Tata Group counters weighed on trading.
Key facts
- Market outcome
- Sensex and Nifty ended mixed
- Nifty movement
- Rose 76 points
- Sensex movement
- Declined
- Top decliner
- Tata Consultancy Services, down 4.33%
- Other notable declines
- Titan fell 2.11%, Asian Paints 2%, Maruti 1.98%, Tech Mahindra 1.82% and Tata Steel 1.73%
- Market factors
- Lower crude oil prices were offset by weakness in IT stocks and Tata Group counters
- Major gainers
- Adani Ports, Power Grid, HDFC Bank and Bharti Airtel
Sources
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