April 20, 2024 11:30 (IST)
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Indian markets end on a choppy note on Friday
Mumbai, May 20 (IBNS) Fears of a rate hike and a weak Indian rupee pulled down markets on Friday resulting in Sensex going down by 97.82 points to 25301.90 and Nifty going down by 33.70 points to 7750.
The market was also jittery owing to regulator Securities and Exchange Board of India (Sebi) tightening guidelines on Thursday to check misuse of Participatory Notes, or P-Notes, according to media reports.
P-Notes are instruments issued by registered foreign portfolio investors (FPIs) to overseas investors, who wish to invest in the Indian stock market without registering themselves directly in India.
ITC Limited gained after posting better than expected fourth quarter results on Friday. Other stocks that ended as gainers were Adani Ports, NTPC, ONGC and Bajaj Auto while Lupin, ICICI Bank, Reliance and Tata Motors were some of the major losers.
Indian markets end on a choppy note on Friday
Mumbai, May 20 (IBNS) Fears of a rate hike and a weak Indian rupee pulled down markets on Friday resulting in Sensex going down by 97.82 points to 25301.90 and Nifty going down by 33.70 points to 7750.
The market was also jittery owing to regulator Securities and Exchange Board of India (Sebi) tightening guidelines on Thursday to check misuse of Participatory Notes, or P-Notes, according to media reports.
P-Notes are instruments issued by registered foreign portfolio investors (FPIs) to overseas investors, who wish to invest in the Indian stock market without registering themselves directly in India.
ITC Limited gained after posting better than expected fourth quarter results on Friday. Other stocks that ended as gainers were Adani Ports, NTPC, ONGC and Bajaj Auto while Lupin, ICICI Bank, Reliance and Tata Motors were some of the major losers.
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