Sensex Slips 190 Points Tata Motors Drops 5%
The Indian domestic stock markets closed with a red mark on the last day of the week. The Corona virus has not yet been controlled in China. Now the World Health Organization has declared an international emergency. After noon, selling pressure increased in the market. Tomorrow, Finance Minister Nirmala Sitharaman is going to present the budget on Saturday. Stock markets will be open on this occasion.
The BSE Sensex closed at 40,723, taking a dive of 190 points or 0.47 per cent. At the same time, the Nifty 50 index fell by 73 points or 0.61 per cent to 11,962. The BSE Midcap index lost half a percent and the Smallcap index lost a quarter percent.
Shares of Tata Motors and ONGC dive over 5 per cent on the Nifty 50 index. This was followed by Shares of Power Grid, UPL, Indian Oil, Bharat Petroleum, HCL Technologies, Tata Consultancy Services, JSW Steel and GAIL (India) ..
On the other hand, Kotak Mahindra Bank shares jumped 4 per cent. Apart from this, shares of State Bank of India, IndusInd Bank, Bharti Airtel, Bajaj Auto, Tech Mahindra, Titan Company, Bharti Infratel, Hero MotoCorp and Yes Bank rose the most. On Friday, the realty index rose more than one percent, while the public bank index showed a rise of one percent. Apart from this, only the finance services and private bank indexes went up. Only three stocks disappointed on the realty index. Bank of India won in state-owned banks. On the other hand, the metal index dived more than two and a half per cent. Pharma, IT and auto index declined by up to 1.25 percent. Only one share on the Pharma index, while, only three shares gained on IT and Auto Metal index.
Shares of 39 companies hit their 52-week high during the session on Friday. It included Aarti Industries, Crompton Greaves, Avenue Supermart, Laurus Labs, Info Edge, PI Industry, Rana Sugars, Supreme Industries and Tips Industries. In contrast, shares of a total of 57 companies, including Agro Fos, Cox & Kings, DQ Entertainment, Amco, Jammu Kashmir Bank, Jain Irrigation Systems, Kridhan Infra, Oil India, Prakash Pipes, Shriram EPC, Skipper and Vigy Finance, were in their 52-week Slip to minimum level,
16 stocks on the Nifty 50 index closed green, while 34 stocks closed with a red mark. There was not much change in the price of one share. The Sensex gained 11 stocks and 19 stocks disappointed. On the BSE, 979 shares ended the session and 1,425 stocks ended the session with weakness.
Indian domestic stock markets - /10
The Indian domestic stock markets closed with a red mark on the last day of the week. The Corona virus has not yet been controlled in China.