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Indian stock markets closed sharply lower on the last trading day of the week. The BSE Sensex closed 1687.94 points, or 2.87%, lower at 57,107.15. The Nifty fell by 509.80 points, or 2.91 per cent, to close at 17,026.45. Earlier, the BSE had opened 540.3 points lower at 58,254.79 on Friday morning.
During the day’s training, it dropped by 1,801.2 points. The Nifty, on the other hand, opened 197.5 points lower at 17,338.75. It fell to 550.55 points during the day’s trading.
Due to the decline in the stock market-
In fact, new variants of the Covid found in South Africa have prompted the Indian government to expedite the inspection of the Corona by international travelers.
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Second, according to the data available with the NSE, foreign portfolio investors (FPIs) have sold Rs 2,300.65 crore in domestic stocks. This sale is more than a purchase by a Domestic Institutional Investor (DIIs). The sell-off has dampened investor sentiment.
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The third reason is the declining trend in the Asian market, which is also having an impact on the domestic market. SGX Nifty, Nikkei, Straits Times, Hang Seng, Taiwan Weighted, Kospi, Shanghai Composite are all down 1-2%.
- BSE’s market cap stood at Rs 258 lakh crore.
- Shares of 3,415 companies traded. Shares of 1,069 companies gained and shares of 2,242 companies declined.
- Shares of 237 companies were at one-year highs and 34 companies were at one-year lows.
- Shares of 398 companies had upper circuit and shares of 179 companies had lower circuit.
- Shares of these companies fell the most today.
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