New Delhi: Both Sensex and Nifty, which had been on a five-day winning streak, experienced significant losses on Friday due to a global sell-off. Investors reduced their risk in metal, auto, and IT stocks following disappointing US job data. During a period of extensive selling, the BSE Sensex dropped 885.60 points or 1.08 percent to end the day at 80,981.95. Throughout the day, it plunged 998.64 points or 1.21 percent to reach a low of 80,868.91.
The NSE's broader Nifty decreased by 293.20 points or 1.17 percent, closing at 24,717.70. During the session, there was a decrease of 324.05 points or 1.29 pc, bringing it to 24,686.85. Maruti Suzuki India, Tata Motors, JSW Steel, Larsen & Toubro, Tata Steel, Mahindra and Mahindra, Tata Consultancy Services, Tech Mahindra, HCL Technologies, and Infosys were the underperformers among the Sensex stocks.
HDFC Bank, Sun Pharmaceuticals, Kotak Mahindra Bank, Nestle India and Asian Paints were some of the companies that saw gains. In mid-session deals on Thursday, the European markets were showing lower quotes. The international standard for oil prices, Brent crude, increased by 0.77 percent to reach USD 80.13 per barrel.
Tokyo, Shanghai, Hong Kong, and Seoul all closed lower on Thursday in Asian markets. The US stock market ended Thursday with losses as well. On Thursday, foreign institutional investors purchased stocks worth Rs 2,089.28 crore in the capital markets. The Sensex increased by 126.21 points to reach a record high of 81,867.55, and the Nifty went up by 59.75 points to end at a new all-time high of 25,010.90.
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