Indian market:Â Sensex down 190.33 pts
Mumbai/UNI: The BSE Sensex on Friday further lost by 190.33 points to settle at 40,723.49 ahead of union general budget to be present on Saturday.
The National Stock Exchange (NSE) too fell by 73.70 points to 11,962.10.
The Nifty registered days high and low at 12,103.55 and 11,945.85 points respectively.
High volatility was witnessed during the day.
Heavy selling in Materials, Energy, Utilities, IT and Capital Goods stocks dragged the market further today.
The Sensex opened on a strong note at 41,146.56 points, jumping by 233 points.
It rallied by 241 pts to 41,154.49 day high. Later, it dropped nearly 242 pts to 40,671.01 day low before closing at 40,723.49, sliding by 190.33 pts from its last close.
The scrips like ONGC, Powergrid, TCS, Tech Mah. and Tata Steel fell however, buying in Kotak Bank, SBI, IndusInd Bank and Bajaj Auto capped from further losses, broker said.
The Economic Survey 2019-20 tabled by Finance Minister Nirmala Sitharaman today estimates Financial Year 2020-21 GDP growth at 6-6.5 pc while FY20 GDP growth is seen at 5 pc. Survey asked the government to deliver expeditiously on reforms.
The S&P BSE Mid-Cap index lost 0.62 pc while the S&P BSE Small-Cap index slipped 0.21 pc.
The market breadth favored the sellers. On the BSE, 968 shares rose and 1401 shares fell. A total of 165 shares were unchanged. In Nifty 50 index, 16 stocks advanced while 34 stocks declined.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
