The 30-share Bombay Stock Exchange (BSE) Sensex fell 465.75 points, or 0.55 per cent, to close at 83,938.71. During the day, it had dropped 498.8 points, or 0.59 per cent, to 83,905.66. The broader National Stock Exchange (NSE) Nifty also slipped 155.75 points, or 0.60 per cent, to end at 25,722.10
Among the Sensex constituents, Eternal, NTPC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finserv, Power Grid, Trent, and HDFC Bank were the major laggards. Representational Image
Benchmark indices declined for the second consecutive session on Friday, dragged down by selling in private sector banks and a weak trend in global markets, news agency PTI reported.
The 30-share Bombay Stock Exchange (BSE) Sensex fell 465.75 points, or 0.55 per cent, to close at 83,938.71. During the day, it had dropped 498.8 points, or 0.59 per cent, to 83,905.66. The broader National Stock Exchange (NSE) Nifty also slipped 155.75 points, or 0.60 per cent, to end at 25,722.10.
Analysts said that persistent foreign fund outflows, mixed corporate earnings, and uncertainty over the US Federal Reserve’s future policy direction continued to weigh on investor sentiment, PTI reported.
Among the Sensex constituents, Eternal, NTPC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finserv, Power Grid, Trent, and HDFC Bank were the major laggards. On the other hand, Bharat Electronics, Larsen & Toubro, Tata Consultancy Services, ITC, and State Bank of India emerged as gainers.
In Asia, South Korea’s Kospi and Japan’s Nikkei 225 ended in positive territory, while China’s Shanghai Composite Index and Hong Kong’s Hang Seng closed lower, reported PTI. European markets were trading in the red, and US indices had finished lower on Thursday.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,077.59 crore on Thursday, while Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth Rs 2,469.34 crore.
Meanwhile, global oil benchmark Brent crude slipped 0.31 per cent to USD 64.80 a barrel.
On Thursday, the Sensex had slumped 592.67 points, or 0.70 per cent, to settle at 84,404.46, while the Nifty had declined 176.05 points, or 0.68 per cent, to close at 25,877.85.
Rupee ends flat at 88.69 against US dollar
The rupee recovered intra-day losses to end flat at 88.69 (provisional) against the US dollar on Friday, as weak domestic equities and a firm greenback in overseas markets offset support from easing crude oil prices.
At the interbank foreign exchange market, the local unit opened at 88.60 and touched an intra-day high of 88.59 and a low of 88.78 against the dollar. It finally settled unchanged at 88.69 (provisional) from its previous close.
On Thursday, the rupee had tumbled 47 paise to close at 88.69 against the US currency after US Federal Reserve Chair Jerome Powell flagged that inflation remained above target and highlighted uncertainties in the labour market, dampening expectations of another rate cut in December.
The US Fed, however, did cut interest rates by 25 basis points, in line with market expectations.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.04 per cent to 99.39.
(With PTI inputs)
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