Sensex loses 867 points, Nifty barely holds 16,400 mark
On Friday, the stock market traded in red as the Sensex slipped 866.65 points, or 1.58% to 54,835.58 points while the Nifty dropped 271.4 points, or 1.65%, to 16,411.25 points. The midcap indices traded in red as well, witnessing a bearish run as the Nifty Midcap 50 shed 150.05 points to 7,822.05 points. Here's all you need to know about Friday's market report.
Coming to the top gaining sectors of the market, NIFTY ENERGY emerged as the highest gaining sector on Friday with a 0.19% rise. Meanwhile, Hero Motocorp, Tech Mahindra, and Power Grid Corp emerged as the biggest stock gainers, adding 2.41%, 2.28%, and 2.1%, respectively. Among the biggest stock losers were Bajaj Finance, Shree Cements, and Divis Labs, which plunged 4.84%, 4.7%, and 4.66%, respectively.
Moving on to the Asian markets, the Shanghai Composite Index plunged 2.16% to 3,001.56 points while the Hang Seng Index too declined 3.81% to 20,001.96 points on Friday. In the US market, NASDAQ witnessed a steep fall, dropping 647.17 points, or 4.99%, to 12,317.69 points.
On Friday, the Indian rupee (INR) edged 0.86% lower to Rs. 76.91 versus the US Dollar. The gold and silver futures prices traded in the green. While the gold futures gained Rs. 372, or 0.73%, to settle at Rs. 51,271, silver futures shot up by 0.5% to Rs. 62,650. Meanwhile, the crude oil future prices surged by $3.06, or 2.84% to $110.52/barrel.
The fuel prices in New Delhi remain unchanged on Friday with diesel priced at Rs. 96.71/liter and petrol costing Rs. 105.45/liter. In Mumbai, the country's financial capital, diesel costs Rs. 104.75/liter whereas petrol is priced at Rs. 120.5/liter.