Share Market Today: Sensex Slips 210 Points; Nifty Holds 24,000. Reliance Gains 2 Per Cent

Share Market Today: On the 30-share Sensex platform, Reliance up 2.31 per cent, followed by Tata Motors, Asian Paints, Nestle, Titan, SBI

Share maret today: Despite hitting fresh record highs earlier in the day, the two key equity benchmarks, Sensex and Nifty, settled lower on Friday. The BSE Sensex settled 210 points lower at 79,032, while NSE Nifty50 slipped 34 points to 24,011. The Sensex jumped 428 points to hit a fresh record high of 79,672, while NSE Nifty50 rose 130 points to hit a new all-time high of 24,174.

Stock udpate

On the 30-share Sensex platform, Reliance up 2.31 per cent, followed by Tata Motors, Asian Paints, Nestle, Titan, SBI. On the down side, IndusInd Bank, Axis Bank, Airtel, ICICI Bank, Kotak Bank, JSW Steel were among the losers.

In the broader markets, Nifty Midcap closed 0.56 per cent higher, while Smallcap ended 0.84 per cent higher.

Sectoral update

Sectorwise, Nifty Private Banks was the top loser, down 1.24 per cent, followed by Bank (down 0.89 per cent). On the other hand, Pharma was the top gainer, up 1.11 per cent.

In the previous session on Thursday, the Sensex rose by 569 points, or 0.72 per cent, to settle at 79,243, while the Nifty climbed 176 points, or 0.74 per cent, to finish at 24,045.

Global update

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the green. European markets were trading mostly higher. US markets ended in positive territory on Thursday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 7,658.77 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.89 per cent to $87.16 a barrel.

Rupee rises 7 paise

The rupee appreciated 7 paise to settle at 83.38 (provisional) against the US dollar on Friday backed by renewed foreign fund inflows. Forex traders said the strength of the American currency in the overseas market, elevated crude oil prices and US dollar demand from oil marketing companies capped sharp gains for the local unit.

At the interbank foreign exchange market, the local unit opened at 83.42 and hit the intraday high of 83.36 and a low of 83.49 against the greenback during the session.

It finally settled at 83.38 (provisional) against the dollar, registering a gain of 7 paise from its previous close. On Thursday, the rupee appreciated 12 paise to settle at 83.45 against the US dollar.