The stock market closed on the red mark after trading throughout the day on Friday, the last trading day of the week amid negative signals from global markets. The Bombay Stock Exchange's flagship index Sensex lost 0.34 percent, down 129.18 points to close at 37606.89. On the other hand, the National Stock Exchange Nifty closed down 0.26 percent at the level of 11073.45, down 28.70 points.
Three paise increase in rupee
On Friday, the rupee closed with a gain of three paise to close at 74.81, amid a weak trend in the dollar. The rupee opened strong at 74.74 per dollar in the interbank foreign exchange market. During the day, it rose to a high of 74.68 per dollar. It also touched a low of 74.90 per dollar. Finally, the rupee gained three paise to close at 74.81 per dollar. The rupee had closed at 74.84 per dollar in the previous session.
Meanwhile, the dollar index showed a decline of 0.22 percent to 92.81 against the dollar against the six currencies. Traders said the dollar weakened due to weak economic data. This strengthened the perception of the rupee. The US economy has fallen by 33 percent in the April-June quarter.
The market was affected by these factors
Investors are also worried about the rising cases of Kovid-19 in the country. Share-based activities are seen between the quarterly results and this trend is likely to continue. At the same time, the US central bank Federal Reserve has kept important interest rates close to the level of zero, which affected the market. Investors are also eyeing the growing tension between the US-China.
Such was the situation of veteran shares
Talking about the big stocks, today Sun Pharma, Cipla, Grasim, JSW Steel, UPL, SBI, M&M, Axis Bank, HCL Tech, and Tata Motors closed on the green mark. On the other hand, Reliance, HDFC Bank, Bajaj Auto, Kotak Bank, Wipro, Asian Paints, HDFC, HDFC Life, and Hero MotoCorp shares closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today private banks, financial services, auto, banks, and media closed on the red mark. IT, pharma, metal, FMCG, realty, and PSU banks are on the green mark.
The market was open on a flat level
Today the stock market started at a flat level. The Sensex was down 88.11 points, or 0.23 percent, at 37647.96. At the same time, the Nifty opened at 11116.10 with an increase of 0.13 percent i.e. 13.95 points.
The market was closed on the last trading day
The stock market closed at the red mark on the previous trading day. The Sensex was down 335.06 points to end at 37736.07, down 0.88 percent. The Nifty closed down 0.90 percent at 11102.15, down 100.70 points.