Mumbai
\nBenchmark equity indices witnessed heavy selloff on Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754.The 30-share index ended the week 527.93 points lower, and the broader Nifty lost 134 points.<\/p>\n
The equity market witnessed selling ahead of the weekend, mainly due to fears of lower global economic growth in the coming year, said Joseph Thomas, Head Research- Emkay Wealth Management.<\/p>\n
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.Investors also took cues from world markets, which tumbled on fears of a potential US government shutdown and rising tension between the US and China.<\/p>\n
On a net basis, foreign portfolio investors sold shares worth Rs 386.44 crore Thursday, and domestic institutional investors were net buyers to the tune of Rs 87.96 crore, provisional data available with BSE showed.<\/p>\n
The rupee gave up some gains due to volatility in bond yield. However, fall in oil prices is expected to provide strength to rupee in the near term. Investors are using this opportunity to book profit after the recent rally, the market direction will turn positive as domestic economic indicators remain healthy, the analysts said.<\/p>\n
Elsewhere in Asia, Korea\u2019s Kospi ended 0.06 per cent higher, Hong Kong\u2019s Hang Seng rose 0.51 per cent; while, Japan\u2019s Nikkei plunged 1.11 per cent and Shanghai Composite Index slipped 0.79 per cent.<\/p>\n
In Europe, Frankfurt\u2019s DAX fell 0.62 per cent and Paris\u2019 CAC 40 shed 0.97 per cent in their early deals. London\u2019s FTSE too slipped 0.31 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai Benchmark equity indices witnessed heavy selloff on Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754.The 30-share index ended the week […]<\/p>\n","protected":false},"author":1,"featured_media":50713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-50712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=50712"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50712\/revisions"}],"predecessor-version":[{"id":50714,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50712\/revisions\/50714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/50713"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=50712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=50712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=50712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}