Friday Market Highlights: The Sensex and Nifty continued their last day’s negativity and ended on a negative note for the fifth trading day of the week. This negative trend was mainly dragged by financial stocks, however, pharma stocks and auto stocks tried to recover the losses. The Sensex closed at, 38,846 points, 134 points lower than the previous trading while Nifty closed at 11,505 points with a loss of 11 points. During the last trading day (Thursday), the Sensex closed 323 points lower at 38,980 points, while the Nifty increased by 88 points to close at 11,516 points.
Stock Market: Key highlights from Friday’s trading session: –
- The share market continued their last day’s negativity and ended on the negative side for the fifth day of the week. Mainly dragged down by the financial stocks.
- Nifty moved down by 11 points to finally stand at 11, 505 points.
- Sensex lost 134 points to finally stand at 38,846 points.
- Financial stocks Kept Friday’s Market Under Pressure.
- Nifty Bank moved down by 1 percent that is by 289 Points to finally stand at 22,031.
- Midcap Index moved down by 12 Points to finally stand at 17,399 points.
- Rupee ended 20 paise stronger at 73.45 per US dollar as compared to Thursday’s close of 73.65 per dollar.
- Top Nifty Index gainer: Nifty pharma.
- Top Nifty Index loser: Nifty Finance, Nifty FMCG
- Top Nifty 50 index gainer: Dr. Reddy’s Cipla, Adani Ports, Bharti Airtel, and M&M.
- Top Nifty 50 index loser: HDFC Twins, Infosys, Kotak Bank, HUL, and TCS.
- The Nifty Pharma tried to recover the losses during the session as it surged up by 5 percent to a fresh high. It hits the highest level in five years.
- The Nifty Pharma was mainly led by Dr. Reddy’s, Cipla, Lupin, Divi’s Labs, and Cadila Health.
- The Nifty Auto also tried to cover the losses and added 0.3 percent to today’s market.
- Sanjiv Bajaj of Bajaj Finserv says the quality of new loans is the same as before COVID-19 times. Loan growth is down due to the COVID impact.