Share Market Update: Local stock markets closed down on Friday due to information technology (IT) shares and profit booking in Bharti Airtel. The standard index Sensex had a sluggish of 200 points and 42 points in the Nifty. Analysts said that investors preferred profit booking after the market reached 7 months high in the last season. European markets were trading with an edge. On Thursday, most of the American markets closed with an edge. Foreign institutional investors (FIIs) on Thursday made net purchases of shares worth Rs 5,392.94 crore.
The BSE’s 30 -share standard index Sensex fell 200.15 points, or 0.24 percent, to close at 82,330.59 points. At one time during trading, it fell 383.79 points to 82,146.95 points. The National Stock Exchange (NSE) standard index Nifty also fell at 42.30 points i.e. 0.17 percent to close at 25,019.80 points.
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Bharti Airtel’s stock, who was involved in the Sensex, fell by 2.81 percent. The company’s stock came down after selling about 1.2 percent of its direct stake in Singtel’s telecom company for about $ 1.5 billion. Apart from this, HCL Tech, State Bank of India, Infosys, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Larsen & Toubro, Mahindra & Mahindra and Titan also closed down.
On the other hand, shares of the Internal (East Jomato), Hindustan Unilever, Asian Paints, ITC, Tata Motors and NTPC accelerated. In other markets in Asia, Japan’s Nikki 225, China’s Shanghai Composite and Hong Kong’s Hangseng closed down with a decline while South Korea’s Korea remained in a positive realm.
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European markets were trading with an edge. On Thursday, most of the American markets closed with an edge. Prashant Tapsay, Senior Vice President (Research), Mehta Equality Limited, said that the market remained under negative scope throughout the trading session and weakened due to selected profits in IT, bank and metal stocks.
However, the closure of most region-based shares with midcap and smallcap indices shows that investors are cautiously optimistic on equity despite global uncertainties, “said Taase. Global oil standard brent crude rose 0.09 percent to $ 64.59 per barrel.
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According to the stock market data, foreign institutional investors (FIIs) on Thursday made net purchases of shares worth Rs 5,392.94 crore. The BSE Sensex jumped 1,200.18 points, or 1.48 percent on Thursday to 82,530.74 points and NSE Nifty had increased by 395.20 points to close at 25,062.10 points. This was the highest level of seven months of both indices. (Language)
Edited by: Chetan Gour
