Mumbai, 28 February (IANS). The Indian stock market is seeing heavy selling in Friday’s trading session. Both the main index Sensex and Nifty are trading with a decline of more than one percent.
At 12:20 pm, the Sensex fell 1,005 points or 1.33 percent to 73,606 and the Nifty at 22,234 with a weakness of 310 points or 1.38 percent.
Midcap and smallcap stocks are seeing more selling than largecap. The Nifty Midcap 100 index was at 1,429 points or 2.90 percent to 47,707 and the Nifty Smallcap 100 index was 449 points or 2.96 percent with a weakness of 2.96 percent.
Almost all sectoral index are trading in red mark. Auto, IT and media index falls by more than 3 percent. PSU banks, realty, energy and conjugation index are trading with a weakness of about two percent.
The market trend also remains negative. The National Stock Exchange (NSE) has 223 shares in green mark and 2,344 shares in red mark.
The Sensex pack has HDFC Bank and Axis Bank top gainers. Tech Mahindra, IndusInd Bank, Titan, Infosys, M&M, Maruti Suzuki, HCL Tech, TCS, Bharti Airtel, Tata Motors, Zomato, NTPC and SBI are the top loles.
Dow Jones fell 0.45 percent to close at 43,239.50 in the previous trading session in US markets. The S&P 500 index fell 1.59 percent to 5,861.57 and Nasdaq fell 2.78 percent to close at 18,544.42.
Sol, China, Japan, Bangkok, Jakarta and Hong Kong were trading in the Asian markets.
Foreign institutional investors (FIIs) continued selling for the sixth consecutive day and sold shares worth Rs 556.56 crore on 27 February. However, domestic institutional investors (DIIs) bought shares worth Rs 1,727.11 crore on the same day.
-IANS
ABS /
