Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Fri, 10 Jun 2022 03:34 PM IST
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Expansion
On Friday, the last trading day of the week, the stock market opened with a fall and closed on the red mark at the end of trading. The Bombay Stock Exchange’s 30-share Sensex slipped 1017 points to end at 54,303, while the National Stock Exchange’s Nifty closed 276 points lower at 16,202.
Sensex opened after breaking 500 points
Earlier, the BSE Sensex opened after breaking 500 points, while the NSE Nifty started trading below 16,400. On the last trading day on Thursday, both the indices of the stock market were open on the red mark, but after a day’s trading, they finally closed taking a strong lead. The BSE Sensex index closed at 55,320 with a gain of 428 points or 0.78 per cent, while the NSE Nifty index gained 122 points or 0.74 per cent to close at 16,478.
Four lakh crores of investors drowned
The biggest reason for this strong fall in the stock market on Friday is the selling of foreign investors. Widespread selling wiped out over Rs 4 lakh crore of investors’ assets. With this, the total market cap of companies listed on BSE slipped to Rs 250 lakh crore on Friday.