Sensex Today: Today, the Indian stock market witnessed huge volatility, and finally the major indices Sensex and Nifty ended trading with minor changes. The market remained under pressure due to continued selling by foreign institutional investors (FIIs), weak quarterly results, and weakness in Asian markets.

Sensex rises marginally, Nifty falls marginally.

The Sensex ended the day at 79,496.15 points with a gain of 9.83 points (0.01%) and the Nifty ended the day at 24,141.30 points with a loss of 6.90 points (0.03%). During the day's ups and downs, the Sensex touched a high of 80,102.14 points and a low of 79,001.34 points.

FII selling became the main reason

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,404.04 crore on Friday. This selling affected the market sentiment and put pressure on the Indian stock market.

According to analysts, FII's activities are influencing the direction of the market. Prashant Tapase, Senior Vice President, Mehta Equities, says that the main reason for the weakness in the Indian markets is the continuous selling by FII.

Weak quarterly results and food price concerns

Apart from this, weak quarterly results of companies also increased concern in the market. Especially the shares of big companies like Asian Paints, Tata Steel, and Bajaj Finance declined. On the other hand, shares like Power Grid, HCL Technologies, and Infosys saw a slight increase.

Vinod Nair, Head of Research at Geojit Financial Services, said investors are keeping an eye on the Indian Consumer Price Index (CPI). He believes that food prices may rise, which may force the Reserve Bank of India to maintain stability in interest rates.

Mixed trend in international markets

Mixed trends are seen in other Asian markets today. While South Korean and Hong Kong markets closed in the red, Japanese and Chinese markets saw gains. European markets also saw a positive trend, and US markets closed strongly on Friday.

Fall in oil prices

Globally, the price of Brent crude fell by 0.83% to $73.26 per barrel.

Conclusion: Today was a mixed day for the Indian stock market. Selling by foreign investors and weak results affected the market, but a slight increase in some major companies supported the market. Now investors' eyes are fixed on the economic data coming in the next few days.