Market ends lower amid volatility, Nifty below 23,350
The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.
SNS | New Delhi | August 30, 2019 12:17 pm
Sensex dropped more than 150 points on Friday after opening greater over continuous international fund outflow and development issues.
Foreign Institutional Investment (FIIs) sale arises despite last week’s contentious tax surcharge roll-back.
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Additionally, precaution over the publication of GDP statistics also led to lower risk for street appetite.
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At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.
The benchmark Sensex opened at 37,222.26, higher from its previous close of 37,068.93.
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The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
Analysts at HSBC downgraded Indian equities to 'Neutral' from 'Overweight’.
Market witnessed on Wednesday sharp rebound amid buying in heavyweights and IT, oil and gas, FMCG stocks.
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