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.
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.
After sustained buying for three months, FPIs have turned sellers in the Indian market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
On Thursday, Adani Enterprises' shares surged 1.74 per cent to Rs 1,589.90 apiece on BSE. It had gone up 15.90 per cent in a span of five days.
According to Likhita Chepa at CapitalVia Global Research: "With financial and technology stocks strengthening the Indian markets, there are chances to witness a decisive breakout above 15,900 today."
NSE Nifty climbed over 167 points to reclaim the key 14,500-level during the day but surrendered all its gains to the end.
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