Share Market Closing Update: On Friday, there was profit booking from upper levels in the stock market and at the end of the day, Nifty fell by 150 points and closed at 22420, while Sensex fell by 609 points and closed at 73730.
Profit booking came from higher levels in the market today. Despite negative global signals, trading in Indian markets started with gains and Nifty opened at Thursday’s high level of 22620. Selling pressure came from this level and their open level for both Nifty and Sensex was the highest level of the day.
Due to global negative sentiments, Sensex and Nifty were sold higher today and investors booked profits at higher levels. However, stock specific action continued in the market. Banking index remained flat.
Nifty Top Gainers (Share Market Closing Update)
Tech Mahindra registered a gain of 10 percent in early trade itself. Later there was some profit booking in this stock and it closed with a gain of 7.50 percent. Divis Lab, LTI Mind Tree, Bajaj Auto were the top gainers of Nifty.
There was a good rise in Nifty IT index today and it closed in the green. However, largecap IT stocks like Wipro became victims of profit-booking from higher levels.
Nifty’s top losers
Bajaj Finance fell by 7.73 percent today and remained on top in the Nifty 50 list. Kotak Mahindra Bank declined for the second consecutive day. Bajaj Finserv and IndusInd Bank were the top losers.
In stock specific action in the market, stocks with weak quarterly results declined, prominent among which were Bajaj Finance, IndusInd Bank and Nestle India.
positive start
The stock market trading started from flat to positive on Friday. Benchmark index Sensex opened with a gain of 169 points at 74509, while Nifty opened with a gain of 50 points at 22620. However, as soon as the market opened, this gain could not be sustained and profit booking took place.