Market declines due to foreign investor selling, weak quarter earnings
At the close, the Sensex fell by 1.2 per cent or 942 points to 78782.24, while the Nifty dropped 1.27 per cent or 309 points to 23995.35.
Taking a cue from global markets, the key Indian equity market indices opened higher on Friday.
The Sensitive Index (Sensex) of the BSE, which had closed at 34,101.13 points on Thursday, opened higher at 34,167.53 points.
Minutes into trading, it was quoting at 34,195.37 points, up by 94.24 points, or 0.28 per cent.
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At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,458.65 points on Thursday, was quoting at 10,488 points, up by 29.35 points or 0.28 per cent.
Extending gains for the sixth consecutive session, the key Indian equity indices had on Thursday closed with appreciable gains riding on healthy buying in IT, Tech (technology, media and entertainment) and banking stocks.
However, selling pressure in metal, healthcare and realty stocks, along with negative cues from global peers and higher crude oil prices, limited the gains.
The Sensex was up by 160.69 points or 0.47 per cent at the Thursday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 34,177.44 points and a low of 33,924.88 points. The Nifty too was up by 41.50 points or 0.40 per cent.
On Friday, Asian indices were showing a mixed trend. While Japan’s Nikkei 225 was quoting in green, up by 0.56 per cent while Hang Seng down by 0.10 per cent, South Korea’s Kospi was up by 0.54 per cent. China’s Shanghai Composite index was trading in red, down by 0.44 per cent.
Nasdaq closed in green, up by 1 per cent while FTSE 100 was also up by 0.02 per cent at the closing on Thursday.
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