The benchmark BSE Sensex 30-share index fell 889.40 points, or 1.54 percent, to close at 57,011.74. During the day, it fell by 950.16 points to 56950.98.

Investor fortunes slid over Rs.4.65 crore on Friday as markets suffered heavy selling in the wake of weak global trends and continued selling by foreign institutional investors.

The benchmark BSE Sensex 30-share index fell 889.40 points, or 1.54 percent, to close at 57,011.74. During the day, it fell by 950.16 points to 56950.98.

The market capitalization of the companies listed on the Bahrain Stock Exchange decreased by Rs.4,65,570.82 crore to Rs.2,59,37,277.66 crore amid the weak sentiment.

“The Indian market has fallen sharply on the back of weak global signals, selling off FIIs and concerns about Omicron,” said Parth Nyati, founder of Tradingo.

IndusInd Bank ranked first among 30 front-line companies, down 4.89 percent, followed by Kotak Bank, HUL, Titan, Bajaj Finserv and HDFC.

In contrast, Infosys, HCL Tech, PowerGrid, Sun Pharmaceutical Industries and TCS were among the gainers.

Weak global sentiment has drowned out domestic indices as markets digest the hawkish stance of major international central banks amid rising Omicron cases. “The continued sale of FII has created tension among local investors,” said Vinod Nair, head of research at Geojit Financial Services.

In the broader market, the BSE Small and Medium Capital Index is down as much as 2.42 percent.

Financial Express Telegram Financial Express is now available on Telegram. Click here to join our channel And stay up-to-date with the latest Biz news and updates.

Source link

By admin

Leave a Reply

Your email address will not be published.