After the sharp decline in the previous trading session, today the last trading day of the week ie on Friday, the stock market returned to awe and it closed on the green mark after the day's ups and downs. The Bombay Stock Exchange's flagship index Sensex gained 0.64 percent to close at 39982.98, up 254.57 points. At the same time, the National Stock Exchange's Nifty gained 0.70 percent (82.10 points) to close at 11762.45. According to analysts, further market volatility will continue. Hence investors should be cautious.
Asian market remains mixed due to fears of a second wave of Corona
Asian stock markets remained mixed on Friday due to fears of a second wave of Coronavirus infection and concerns over presidential elections and economic relief packages in the US. Investors were also eyeing the economic data released in China next week. During the trading session, the stock markets of Japan and China were in the boom, while the markets of South Korea and Australia were in decline.
US Wall Street continued its downward trend and the S&P 500 lost for the third consecutive week. Japan's Nikkei was up 0.1 percent at 23,523.37 points during trading. Hong Kong's Hang Seng was up 0.9 percent at 24,363.70. China's Shanghai Composite was almost unchanged at 3,332.05 points. However, Australia's S&P / ASX 200 fell 0.2 per cent to 6,196.10. South Korea's Kospi also fell 0.6 percent to 2,346.88 points.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of Tata Steel, BPCL, Hindalco, and JSW Steel closed on the green mark. UPL, HCL Tech, M&M, Asian Paints, and Reliance shares closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors except the media and IT closed on the green mark. These include pharma, auto, metal, FMCG, PSU banks, private banks, financial services, banks, and realty.
The market was open on the edge
The Sensex started 261.39 points up at 39,989.80 and the Nifty started 47.05 points up at 11,727.40. Investors had lost about Rs 3 lakh crore due to the fall in the market yesterday.
The market had closed on a heavy decline on the previous trading day
The stock market fell sharply on the previous trading day. The Sensex was down 1066.33 points to end at 39728.41, down 2.61 percent. The Nifty was down by 2.43 percent (290.70 points) at the level of 11680.35. Investors had lost about Rs 3 lakh crore due to the fall in the market yesterday.