Sensex, Nifty loss over 1%, extending losses for third session
Indian stock market on Friday came under significant selling pressure, extending losses for a third consecutive session.
Indian stock market on Friday came under significant selling pressure, extending losses for a third consecutive session.
The Indian stock market ended on a positive note in a highly volatile session on Thursday, with Nifty closing above 22,700. The market was supported by IT stocks after the Indian rupee posted its biggest gain in over a decade.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
At the close, the Sensex rose 319.78 points, or 0.39%, to 81,857.48, while the Nifty gained 126.75 points, or 0.51%, to 25,175.40.
The fall in the market was witnessed amid volatility led by concerns over rising geopolitical risks, FII selling, and weak Asian markets.
The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
After sustained buying for three months, FPIs have turned sellers in the Indian market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
On Thursday, Adani Enterprises' shares surged 1.74 per cent to Rs 1,589.90 apiece on BSE. It had gone up 15.90 per cent in a span of five days.
According to Likhita Chepa at CapitalVia Global Research: "With financial and technology stocks strengthening the Indian markets, there are chances to witness a decisive breakout above 15,900 today."
