Share Market Update:
The current week did not prove to be very good in terms of the stock market. On the last day of the trading week i.e. Friday, after three days of fast, the stock market collapsed. Yes, there has been a big fall in the stock market on Friday. The market has fallen 1000 points. The Sensex fell by 478 points in the Mumbai Stock Exchange index, and the Nifty of the National Stock Exchange opened with a fall of 143 points.On Friday, all sectors of the stock market saw a decline. The share values of Banking Sector, IT Sector, Auto, Real Estate, FMCG, Pharma Sector all were seen on the slopes. As soon as the market opened today, the stock market fell by more than 500 points. Even after this, the decline in the stock market continued. Within a short time the market went down 1000 points. Today i.e. on Friday both Sensex and Nifty have registered a fall. The biggest decline was seen in share Tech Mahindra. Apart from this, there has also been a strong fall in the stock of Zomato Company.
It is worth noting that earlier on Thursday, the BSE Sensex climbed 460 points, while the NSE Nifty again crossed the level of 17,600 points. Traders, seeing the gains on Thursday, said that the positive trend of global markets has strengthened the domestic stock markets. The 30-share index Sensex closed with gains for the third consecutive trading session.
On Friday, the Sensex closed at 58,926 points, up 460.06 points or 0.79 percent. Similarly, NSE's Nifty also rose by 142.05 points or 0.81 percent to reach 17,605.85. Among the companies included in the Sensex, Tata Steel was the biggest gainer with a rise of 2.11 percent. Shares of Infosys, HDFC Bank, HDFC, Kotak Mahindra Bank, Mahindra & Mahindra and PowerGrid were also gainers. Foreign Institutional Investors (FIIs) sold shares worth Rs 892.64 crore on Wednesday.