Market Highlights: On Friday, the Sensex and Nifty continued their last day’s negativity and ended more than one percent lower for the last trading day of the week. This negative trend was mainly dragged down by selling across the board amid weak global cues. The Sensex closed at, 38,857 points, 634 points lower than the previous trading while Nifty closed at 11,334 points with a loss of 194 points. During the last trading day (Thursday), the Sensex closed 95 points lower at 38,990 points, while the Nifty decreased by 7 points to close at 11,527.
Stock Market: Key highlights from Friday’s trading session: –
- The share market rallied on the negative side on the last day of the week.
- Nifty moved down by 194 points to end at 11,334.
- Sensex lost 634 points to finally stand at 38,857.
- Nifty Bank Underperformed during today’s session, it slipped down by 519 Points to 23,012.
- Top gainer of the Nifty50 index: Maruti
- The top loser of the Nifty50 index: Axis Bank, Tata Steel, JSW Steel, Adani Ports, NTPC
- IT and FMCG stocks declined down by 1.3 percent each, however, during the last trading day, they both covered the loss gap.
- The stocks of the Pharma sector fell 1.8 percent.
- The stocks of the Finance Services fell 1.8 percent.
- India’s largest airline IndiGo on Friday organized its 17th (AGM).
- The shares of the Ahluwalia Contracts’ increased by 4.74 percent.
- The Indian currency snapped two days losing streak on Friday and ended at 73.14 against the US dollar as compared to the Thursday’s close of 73.47.
- The shares of the Bharti Infratel increased by 22 percent. It continued its last day’s positive trend. On Thursday the company posted Biggest One-day Gain in 6 months.
- The coronavirus pandemic has resulted in job losses, layoffs, and pay cuts in many industries. However, digital brokerages have seen a huge surge in their business, as more customers are shifting to trading as a means of saving. To cater to the demand, brokerages are now scaling up their operations and hiring activity.