Share Market Sensex and Nifty opened with losses for the third day, impact of global pressure visible
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The domestic stock market is showing recession even on the last trading day of the week. Trading on Friday also started with losses. The direct impact of the decline in the global market has been seen on the domestic market. For this reason all the stocks are under pressure. All the shares are seen under pressure in the initial shares.
Domestic markets continued to fall on Friday amid weak trend of global markets and rising crude oil prices. The 30-share BSE Sensex fell 320.63 points to 65,308.61. Nifty slipped 106 points to 19,518.70.
Shares of many companies declined
There has been a decline in the shares of many companies on the last day of the trading week. Shares of HCL Technologies, ITC, Power Grid, Bajaj Finance, UltraTech Cement and Asian Paints declined. Shares of Nestle, Tata Motors, Kotak Mahindra Bank and IndusInd Bank were among the gainers.
In other Asian markets, China’s Shanghai Composite, Japan’s Nikkei, South Korea’s Kospi and Hong Kong’s Hang Seng were among the losers. American markets also closed with a negative trend on Thursday. Global oil benchmark Brent crude rose 0.90 percent to $93.21 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 1,093.47 crore on Thursday.
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