Stock Market Today: Sensex drops 264 points, Nifty closed at 26178
Stock Market Today: The Indian stock market witnessed a decline on Friday due to profit booking. Both the BSE Sensex and the NSE Nifty fell from their highest levels. The Sensex closed down 264 points at 85,571.85, while the Nifty closed down 37 points at 26,178.95. The main reason behind this fluctuation was the uneasiness of investors and the fall in the shares of some companies.
Stock Market Today: Sensex drops 264 points, Nifty closed at 26178
Sensex performance: The BSE Sensex closed down 264.27 points at 85,571.85. During trading, it also touched a high of 85,978.25. That is, it first climbed up a bit, but then came down.
Nifty condition: The National Stock Exchange (NSE) Nifty also fell. It closed down 37.10 points at 26,178.95. During trading, it had reached a high of 26,277.35.
Shares of companies: Shares of many companies listed on the Sensex declined. Shares of Power Grid, ICICI Bank, Bharti Airtel and HDFC Bank declined.
But shares of some companies saw a rise. These include Sun Pharma, Reliance Industries, Titan and HCL Technologies.
Geojit Financial Services analyst Vinod Nair said that investors are booking profits after the recent rise. Therefore, volatility is being seen in the market.
Asian markets witnessed a mixed trend. Japan's Nikkei and China's Shanghai Composite rose, while South Korea's Kospi declined.
Gains in Europe: Many markets in Europe also rose. US markets also closed in the positive zone.
Investor activity: According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 629.96 crore. Domestic institutional investors (DIIs) also bought shares worth Rs 2,405.12 crore.
Oil prices: The price of global oil benchmark Brent crude fell 0.03 percent to $71.58 a barrel.
Sensex past performance: The BSE Sensex rose 666.25 points to a high of 85,836.12 on Thursday.
The main reason for the fall in the market on Friday was profit booking. Investors are still cautious at higher levels.
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