Stock Market News: Investors adopted a cautious approach before the release of new economic growth rate figures, as a result of which the domestic stock markets closed almost stable on Friday after fluctuations throughout the day. The 30-point Sensex on BSE slipped 13.71 points to close at 85,706.67. While Nifty 50 on NSE also fell by 12.60 points and closed at 26,202.95. After this, the momentum that had been going on for two days stopped.
decline in these shares
Maximum decline was seen in Power Grid, Eternal, Bharti Airtel, Axis Bank and Infosys, while buying emerged in Mahindra & Mahindra, Sun Pharma, Kotak Bank and SBI.
Selling of foreign funds, slowdown in global markets and profit-booking after record levels kept the market in a limited range. Smallcap and midcap indices also closed with slight losses, while oil-gas, telecom, energy and power sector indices remained under pressure.
GDP increased in the second quarter
On weekly basis, both Sensex and Nifty registered a gain of about half a percent. According to data released after trading hours, India’s GDP grew by 8.2% in the July–September quarter, which aroused mixed sentiments in the minds of investors.
Amid mixed trend in Asian markets and US holidays, FIIs sold Rs 1,255 crore, while DIIs provided some support with purchases of Rs 3,940 crore; During this period, Brent crude remained at $ 63.50 per barrel with a slight rise.
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