Stock Markets Fall, Sensex Remains Flat At 85,230, Nifty Falls To 26,968

In the previous session, the Sensex opened 244 points lower at 85,388.02 and the Nifty opened at 26,116.85 or over 75 points lower.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the current market swings indicate that heightened volatility is likely to persist.

Source : ABPLIVE AI

The Indian benchmark indices registered massive losses on Friday as the Sensex remained flat to close trade at 85,231.92 and the Nifty ended trade at 26,068 or 124 points lower.

Among the top gainers on the 30-share BSE Sensex, stocks such as Maruti, Mahindra & Mahindra, TPMV, ITC and Asian Paints. Meanwhile, the laggards included NTPC, Reliance, Ultra Cement, L&T and Kotak Bank.

In the broader markets, the Nifty Microcap 250 fell 1.52 per cent. Sectorally, Nifty FMCG rose 0.14 per cent and the Nifty Metal declined 2.34 per cent.

In the previous session, the Sensex opened 244 points lower at 85,388.02 and the Nifty opened at 26,116.85 or over 75 points lower.

Foreign Outflows

According to exchange data, foreign institutional investors (FIIs) purchased equities worth Rs 283.65 crore on Thursday, while domestic institutional investors (DIIs) picked up shares totalling Rs 824.46 crore.

What Do Experts Say?

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the current market swings indicate that heightened volatility is likely to persist. According to exchange data, foreign institutional investors (FIIs) were net buyers on Thursday, picking up equities worth Rs 283.65 crore, while domestic institutional investors (DIIs) purchased shares valued at Rs 824.46 crore.

Profit-booking after a brief two-day uptrend added to the cautious tone, pulling all key indices into the red, with mid and smallcaps facing sharper corrections, Vinod Nair, Head of Research, Geojit Investments Limited, said.