Domestic markets were also under pressure today as global stock markets declined. The stock market closed at a red mark on Friday, the last trading day of the week. The Bombay Stock Exchange benchmark Sensex fell 440.76 points, or 0.87878 percent, to 50,405.32. The Nifty on the National Stock Exchange closed 142.65 points, or 0.95 percent, lower at 14938.10.
Being heavily sold in global markets
The Nikkei index traded 1.52 percent lower at 28,489 on yields on U.S. bonds. Japan’s currency, the yen, has hit an eight-month low. Hong Kong’s Hang Seng Index traded down 341 points at 28,895. Korea’s Kospi, China’s Shanghai Composite and Australia’s All Ordinary Index also fell one per cent each. The Nasdaq index fell 2.11 percent to 12,723 points.
The same was true of older stocks
Speaking of large stocks, ONGC, Gayle, Maruti, Hero MotoCorp, and Kotak Mahindra Bank are off the green today. Shares of Tata Motors, Wipro, IndusInd Bank, UPL and Hindalco closed in the red.
Sectoral indicator tracking
If we look at the sectoral index, all sectors are closed in red today. These include Media, Realty, PSU Bank, Finance Services, FMCG, IT, Bank, Pharma, Auto, Private Bank and Metal.
The market was open with a downward trend
In early trade, the Sensex opened 400.18 points (0.79 percent) lower at 50445.90. At the same time, the Nifty opened 108.30 points or 0.72 percent lower at 14972.50.
The market was closed on Thursday due to heavy rains
The stock market closed with a heavy fall on Thursday. The Sensex fell 598.57 points, or 1.16 percent, to 50,846.08. At the same time, the Nifty was down 144.6 points, or 1.08 percent, at 15080.75.