There is an atmosphere of softness in the stock markets of the country on Friday. In view of the possibility of increasing the rate by the US Fed Reserve, the effect is being seen on the stock markets of all the countries. While Sensex and Nifty closed down on Thursday, Sensex was trading down 237 points at 64913 on Friday morning while Nifty was trading down 73 points at 19292.
Significantly, the rally in the local stock markets for the last two trading sessions came to an end on Thursday and the BSE Sensex was at a loss of about 388 points. The market came down due to selling in Reliance Industries, ITC and HDFC Bank amid a weak trend globally. The thirty-share Sensex closed at 65,151.02 points, down 388.40 points, or 0.59 percent. It had come down to 493.32 points during trading.
The National Stock Exchange’s Nifty also closed at 19,365.25 points, down 99.75 points, or 0.51 percent.
ITC was the biggest loser in the Sensex pack, down 2.04 per cent. Apart from this, Power Grid, Reliance Industries, Larsen & Toubro, Nestle, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were also major losers.
On the other hand, the gainers included Titan, State Bank of India, Bajaj Finserv, Axis Bank, Tata Steel, Sun Pharma, Tech Mahindra and Bharti Airtel. The BSE Smallcap index gained 0.19 percent while the Midcap index gained 0.06 percent.
