Business: After the rise of last several days, there has been a decline in the stock market on the last day of the week. Major stock indices BES Sensex and NSE Nifty fell in early trade on Friday. The 30-share Sensex fell 153.18 points to 84,403.22 in early trade, while the 50-share Nifty was down 51.1 points to 25,840.30. Both indices hit their 52-week high on Thursday.
Profit booking in stock market after almost a week of rise
Benchmark indices Sensex and Nifty declined in early trade on Friday amid profit-booking after nearly a week of rally and fresh foreign capital withdrawal. Both the benchmark indices had touched near their 52-week highs on Thursday.
Who rose and who slipped among Sensex companies?
Among the Sensex companies, Hindustan Unilever, Kotak Mahindra Bank, Axis Bank, Power Grid, Eternal and Adani Ports were the major laggards. However, Bharat Electronics, ICICI Bank, Mahindra & Mahindra and Tata Steel were among the gainers. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading with gains.
There was a rise in the American market on Thursday
On Thursday, US markets closed in positive territory. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,165.94 crore on Thursday. However, domestic institutional investors (DIIs) were buyers, buying shares worth Rs 3,893.73 crore in the last trading session.
Half percent decline in Brent crude
Global oil benchmark Brent crude fell 0.47 percent to $65.68 a barrel. Gaining for the sixth consecutive trading session on Thursday, the Sensex closed at 84,556.40, up 130.06 points or 0.15 per cent. Nifty closed at 25,891.40, up 22.80 points or 0.09 per cent.
