Home » Stock » Sensex Falls Over 100 Points, Nifty Struggles Near 10,880: 10 Things To Know

Sensex Falls Over 100 Points, Nifty Struggles Near 10,880: 10 Things To Know

Sensex Falls Over 100 Points, Nifty Struggles Near 10,880: 10 Things To Know

Domestic stock markets started Friday’s session on a higher note but minutes into trading, the indices reversed direction to move into the red, tracking selling in pharma and banking counters amid weakness in the rupee. The S&P BSE Sensex slipped as much as 122.03 points to touch 36,252.05, while the Nifty50 barometer of the National Stock Exchange fell by 37.75 points to 10,867.45. Heavyweights Sun Pharma, HDFC Bank, HDFC, Infosys and Tata Consultancy Services (TCS) contributed the most to the losses on the Sensex.
Here are 10 things to know about Friday’s trading session:
  1. At 10:15 am, the 30-share benchmark index traded 102.98 points or 0.28 per cent lower at 36,271.10, and the Nifty was at 10,869.20, down 36.00 points or 0.33 per cent from the previous close.
  2. Sun Pharma was the biggest loser on both the indices, cracking more than 10 per cent.
  3. The Nifty pharma index was 2.95 per cent down at that time.
  4. Other losers on the 50-scrip index were Bharti Airtel, GAIL, Yes Bank and UltraTech Cement, trading between 0.96 and 2.38 per cent lower.
  5. Shares of Jet Airways fell as much as 3.2 per cent on Friday, on track for their ninth session of losses this month, a day after State Bank of India (SBI) said lenders of the airline were considering a plan to resolve its debt issues. On the same day, Jet Airways chairman Naresh Goyal told SBI he is ready to invest up to Rs. 700 crore in the airline on the condition that his stake does not fall below 25 per cent.
  6. According to analysts, concerns on the US-China trade war and growth slowdown hurt investor sentiment.
  7. Investors awaited Wipro to report its earnings for the October-December period later in the day.
  8. Asian stocks, on the other hand, gained early on Friday, as hopes for a thaw in the US-China trade conflict fed investor appetites for risk assets. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.25 per cent. The index has gained nearly 1 per cent this week.
  9. The rupee, meanwhile, depreciated by 18 paise against the dollar to 71.21 on Friday.
  10. On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs. 842.13 crore on Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs. 727.46 crore, provisional data available with BSE showed.

[“source-ndtv”]

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