Decline in early trade in domestic stock market, Sensex fell by 413 points, Nifty also slipped by 86 points.
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Mumbai The two-day rally of stock markets came to an end due to pressure on IT (information technology) stocks, weak trend in Asian markets and continuous withdrawal of foreign funds and there was a decline in early trade in domestic stock markets on Friday. The 30-share BSE Sensex fell 413.36 points to 72,227.83. National Stock Exchange’s Nifty slipped 86.8 points to 21,925.15.
Among Sensex companies, shares of HCL Technologies, Wipro, Infosys, Tech Mahindra, Tata Consultancy Services and Tata Motors were the biggest losers. The BSE IT index fell 2.85 percent in early trade. Shares of Sun Pharma, Titan, Bharti Airtel and ITC were profitable. In Asian markets, South Korea, China and Hong Kong were in decline while Japan’s stock market was trading in gains. America’s Wall Street closed with gains on Thursday.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,826.97 crore on Thursday. Global oil benchmark Brent crude fell 0.71 percent to US$85.17 per barrel. On Thursday, BSE Sensex closed at 72,641.19 points with a gain of 539.50 points and Nifty closed at 22,011.95 points with a gain of 172.85 points.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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