Mumbai, 13 June (IANS). The Indian stock market closed in a red mark in Friday’s trading session. At the end of the trading, the Sensex fell by 573.38 points or 0.70 percent to 81,118.60 and the Nifty was 169.60 points or 0.68 percent to 24,718.60.
Banking stocks led the decline in the market. The Nifty Bank was 555.20 points or 0.99 percent weakness at 55,527.35.
Apart from this, auto, PSU bank, financial services, pharma, FMCG, metal and energy index closed in red mark. IT, realty and media index were in green mark.
Along with largecap, there was also a selling in midcap and smallcap. The Nifty Midcap 100 index was at 58,227.45 with a weakness of 213 points or 0.37 percent. The Nifty Smallcap 100 index was at 18,374 with a pressure of 90 points or 0.49 percent.
The Sensex pack had Tech Mahindra, TCS, Maruti Suzuki and Sun Pharma Top Gainers. ICT, SBI, IndusInd Bank, HDFC Bank, Titan, Kotak Mahindra Bank, Reliance Industries, Power Grid, Bajaj Finserv, Eternal and Hindustan Unilever top loosers were there.
Vinod Nair, Head of Research at Geojit Investments Limited, stated, “Weak global signals and withdrawal of foreign institutional investors saw a fall in the Indian equity benchmark. Increased geopolitical tension has been greatly affected by the increased geopolitical tension after Iran’s military attack on Iran.”
He added, “Brent crude prices have reached close to $ 76 per barrel, which is the highest level this year, which has increased the possibility of inflation when stress continues. Gold demand remains strong, which shows changes towards safe supply. In the near future, the market sentiment is likely to be vigilant until geopoldic stability returns.”
The Indian stock market started with a decline. At around 9.33 am, the Sensex was trading at 80,795.44 at 80,795.44 at 896.5 points or 1.10 percent, while the Nifty was trading at 24,609.70 with a decline of 278.5 points or 1.12 percent.
-IANS
ABS/