Share Market Today: Sensex Falls 800 Points; Nifty Tests 24,900. All Sectors In The Red
Share market today: On the 30-share Sensex platform, SBI, NTPC, UltraCemco, HCLtech, Reliance, Adani Ports were among the major early losers. Bajaj Finance, Asian Paints, and HUL emerged gainers
Share market today: The two key equity benchmark indices, Sensex and Nifty, on Friday tracking a weak trend in global markets and fresh foreign fund outflows. At 10.20 am, the BSE Sensex sank 783 points to 81,418. On the other hand, the NSE Nifty50 was trading at 24,901, down 244 points.
Stock update
On the 30-share Sensex platform, SBI, NTPC, UltraCemco, HCLtech, Reliance, Adani Ports were among the major early losers. On the flip side, Bajaj Finance, Asian Paints, and HUL emerged gainers.
Sectoral update
Nine of the 13 sectoral indices dropped in early trade on Friday, with banking stocks leading the decline on the Nifty 50, while IT stocks helped cushion the losses.
In the previous session on Thursday, the BSE Sensex declined 151 points to end at 82,201, while the NSE Nifty50 dropped 54 points to settle at 25,145.
"The near-term trend in the market will be influenced by the US jobs data to be published tonight," said V K Vijayakumar, chief investment strategist, Geojit Financial Services.
Global update
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower. The US markets ended mostly in the negative territory on Thursday. All eyes are now on the upcoming August US jobs report on Friday. Markets in Asia-Pacific mostly fell as investors digested household spending data from Japan.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 688.69 crore on Thursday after days of remaining buyers, according to exchange data.
Global oil benchmark Brent crude dipped 0.07 per cent to $72.64 a barrel.
Rupee gains 2 paise
Rupee rose by 2 paise to 83.95 against the US dollar in early trade on Friday amid a weaker dollar against major currencies overseas. An upward movement in the international crude oil prices, negative domestic equity markets and outflow of foreign capital capped gains in the local unit, forex traders said.
At the interbank foreign exchange market, the rupee opened 1 paisa higher at 83.96 against the greenback. The domestic unit had settled 4 paise higher at 83.97 on Thursday. On Wednesday, the rupee had breached the crucial 84-mark for the second time within a month and settled 3 paise lower at 84.01 against the American currency.
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