Sensex Opening Bell: The domestic stock market collapsed as soon as it opened on Friday. In early trade itself, the Sensex broke down by almost 647.78 points. Currently it is seen trading at 58,557.28 points.
The domestic stock market experienced a significant
decline as the Sensex Opening Bell rang on Friday. In early trade, the Sensex
saw a 647.78 point drop and is currently trading at 58,557.28 points. The Nifty
also saw a decline, losing 148 points and reaching a current level of 17743.95
points. One notable decline in the market can be seen in the shares of Adani
Group, which have plunged up to 16 percent. However, the shares of Tata Motors
are up by six percent.
Also Read: Buy Axis Bank, target price Rs 1130: Motilal Oswal Financial Services
On the
last trading day of the week, the Sensex fell by 38 points to 60166, Nifty by
15 points to 17877, and Bank Nifty by 265 points to close at 41382 level. The
rupee also appreciated 9 paise to 81.52 against the US dollar in early trade.
In terms of top gainers and losers in the Nifty, after their quarterly results, the shares of Tata Motors are seeing a bumper boom with a 7% increase. However, shares of ICICI Bank, HDFC, HDFC Bank, and Axis Bank are showing weakness. Results from companies such as Bajaj Finance, Vedanta, Glenmark Pharma, and Aditya Birla Sun Life will come out on Friday.
Read More: Economic News