Mumbai, July 11 (IANS). The Indian stock market closed in a red mark in Friday’s trading session. At the end of the trading, the Sensex was down 689.81 points or 0.83 percent to 82,500.47 and the Nifty was 205.40 points or 0.81 percent to 25,149.85.
Both midcap and smallcap were sold selling with largecap. The Nifty Midcap 100 index was down 517.75 points or 0.88 percent to 58,642.20 and the Nifty Smallcap 100 index was 192.80 points or 1.02 percent with a weakness of 18,763.45.
The fall was led by Auto, IT and Realty. All three index closed down by more than one percent. Apart from this, PSU bank, energy, financial service and private banks were in red mark. Pharma and FMCG were in green mark.
The Sensex packs had HUL, Axis Bank, Sun Pharma, NTPC, Eternal, SBI and ITC top gainers. TCS, M&M, Bharti Airtel, Tata Motors, Titan, HCL Tech, Bajaj Finance, Trent Top Loozers were.
Vinod Nair, Research Head of Geojit Investments Limited, said, “The slow start of the first quarter income session and the US threatened 35 percent tariffs on Canada led to negative business in the domestic market.”
He added, “Investors can focus on the quarter income as part of a purchase strategy on the decline. However, in the near future, global challenges such as existing premium evaluation and low cost and tariff uncertainty can prevent new investment. Delay in orders and new investment have weakened the IT index, which could affect the income estimates of FY 2026.”
The stock market started with a decline. At 9:38 am, the Sensex fell 216 points or 0.26 percent to 82,973 and the Nifty was 51 points or 0.19 percent to 25,310.
-IANS
ABS/
