NEW DELHI: Markets on Friday completed the week in red as the benchmark BSE Sensex shed 188 points or 0.53 according to cent to finish at 34,915. The broader NSE Nifty ended 61 points or 0.57 according to cent lower to near at 10,618.
IT and banking stocks pulled down each the indexes, ahead of elections in the important thing state of Karnataka. Global cues too have been susceptible as traders eyed the end result of US-China trade talks as well as the United States jobs document.
Sun Pharma, Yes Bank, Bajaj Auto and ITC have been a number of the main losers on Sensex with their stocks finishing as much as 2.95 according to cent lower.
The BSE 30-share barometer opened higher at 35,144.96 and complex to 35,206.55 in morning trade on value-buying in not too long ago battered stocks.
“Domestically, there's a scenario that markets have been overvalued, as well as political developments ahead of elections,” mentioned Dhananjay Sinha, head of institutional research, Emkay Global Financial Services, adding that global overhang also persisted.
Meanwhile, foreign institutional traders (FIIs) web bought shares price Rs 148.42 crore and domestic institutional traders (DIIs) bought shares price Rs 578.92 crore in the day before today's trade, provisional information showed.
(With inputs from companies)
IT and banking stocks pulled down each the indexes, ahead of elections in the important thing state of Karnataka. Global cues too have been susceptible as traders eyed the end result of US-China trade talks as well as the United States jobs document.
Sun Pharma, Yes Bank, Bajaj Auto and ITC have been a number of the main losers on Sensex with their stocks finishing as much as 2.95 according to cent lower.
The BSE 30-share barometer opened higher at 35,144.96 and complex to 35,206.55 in morning trade on value-buying in not too long ago battered stocks.
“Domestically, there's a scenario that markets have been overvalued, as well as political developments ahead of elections,” mentioned Dhananjay Sinha, head of institutional research, Emkay Global Financial Services, adding that global overhang also persisted.
Meanwhile, foreign institutional traders (FIIs) web bought shares price Rs 148.42 crore and domestic institutional traders (DIIs) bought shares price Rs 578.92 crore in the day before today's trade, provisional information showed.
(With inputs from companies)
Markets closing: Sensex ends 188 points lower; Nifty above 10,600-mark
![Markets closing: Sensex ends 188 points lower; Nifty above 10,600-mark]()
Reviewed by Kailash
on
May 04, 2018
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