Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
On Friday, the local markets gained while being erratic in the pre-opening sessions as a result of strong Asian stock indications. The major stock exchange indices in India had experienced losses over the previous two days.
After being turbulent till 9:20 a.m., the BSE Sensex increased by 43 points to 60,396.65, and the NSE Nifty 50 increased by 14 points to 18,012.95 on Friday. Early on Friday, the Indian rupee increased by 40 paise to 82.531 against the US dollar.
The dollar index increased by 0.03 percent from its previous close to reach 104.847.
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The value of the US dollar in relation to a basket of foreign currencies is gauged by the US dollar index. The euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc are these six currencies (CHF).
In Asian markets, the Nikkei of Japan gained 154 points, the Hang Seng of Hong Kong gained 52 points, the Shanghai SE of China gained 6 points, and the S&P ASX gained 41 points.
In Europe, the FTSE gained 48 points and completed the day at 7,633.45, the CAC 40 was up, the Deutsche Borse was down 54 points, and Refinitiv Europe was erratic and ended the day with 1 point.
As Asian markets started on Friday, the Dow Jones was down 339 points, the Nasdaq was down 153 points, the S&P 500 was down 44 points, and Refinitiv United States was down 4 points on the American stock market.
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