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.
NSE Nifty climbed over 167 points to reclaim the key 14,500-level during the day but surrendered all its gains to the end.
Company’s revenue from operations rose by 3.4 per cent to Rs 16,245.4 crore in the reported quarter, from Rs 15,711 crore in the same period last fiscal.
IT stocks led the rally after TCS on Friday reported a 7.2 per cent jump in December quarter net to Rs 8,701 crore and projected double-digit revenue growth for FY22.
On the other hand, Titan, Sun Pharma, ICICI Bank, Axis Bank, SBI and Bajaj Finance were among the main laggards.
SBI was the top gainer in the Sensex pack, gaining over 2 per cent, followed by TCS, Tech Mahindra, HUL, Bajaj Finance, Kotak Bank and Titan.
