Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data – Business News , Firstpost

All the shares within the BSE Sensex closed in purple on Friday with ONGC being the highest loser, shedding 6.6 %, adopted by Mahindra & Mahindra, Bajaj Finserv, and Axis Bank

Representational picture. PTI

Equity benchmark Sensex tanked over 1,900 factors whereas the NSE Nifty shed 568.2 factors at the shut of the market on Friday with equities witnessing a pointy sell-off forward of the December-quarter gross home product data.

Banking and monetary shares led the autumn because the Nifty Bank, Private Bank, PSU Bank and Financial Services indices all fell up to 5 %, reported

After touching a low of 48,890.48, minutes before the closing bell, the 30-share Sensex summed up the day 3.80 % decrease at 49,099.99.

Similarly, the broader NSE Nifty too closed in purple shedding 3.76 % to shut at 14,529.15. It touched the day’s low of 14,467.75 minutes before closing.

The Nifty Next 50, Nifty Midcap 50, and the Nifty Bank additionally closed in damaging with the Nifty Bank shedding 4.78 % to shut at 34,803.

All the shares within the BSE Sensex closed in purple on Friday with ONGC being the highest loser, shedding 6.6 %, adopted by Mahindra & Mahindra (-6.35 %), Bajaj Finserv (-6 %), and Axis Bank (-5.98 %). Index heavyweight Reliance closed at 2083.85 a share sheding 2.84 % in Friday’s commerce.

All the parts of the Nifty 50 too closed in purple Friday with ONGC being the foremost loser, adopted by Mahindra and Mahindra, Powergrid, JSW Steel and HeroMotoCo.

In the earlier session, Sensex spurted 257.62 factors or 0.51 % to end at 51,039.31, and Nifty climbed 115.35 factors or 0.77 per cent to 15,097.35.

Foreign institutional traders (FIIs) had been internet patrons within the capital market as they bought shares price Rs 188.08 crore on Thursday, as per trade data.

“Recent rise in bond yields globally and concerns with regard to higher commodity prices weighed on investors’ sentiments as these two elements reduce the future value of cash flows and earnings,” mentioned Binod Modi Head-Strategy at Reliance Securities.

US equities witnessed a steep fall as a pointy spike in bond yields dampened traders’ sentiments. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo had been buying and selling with important losses in mid-session offers.

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