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Stock Market Today: On Friday, the Indian stock market witnessed a decline due to profit booking. Both BSE Sensex and NSE Nifty fell below their highest levels. Sensex closed 264 points down at 85,571.85, while Nifty closed 37 points down at 26,178.95. The main reasons behind this fluctuation were the uneasiness of investors and the fall in the shares of some companies.
Sensex Performance
The BSE Sensex closed at 85,571.85, down 264.27 points. It had also touched a high of 85,978.25 during trading. That is, it first rose a little, but then came down.
nifty status
The National Stock Exchange (NSE) Nifty also fell. It closed at 26,178.95, down 37.10 points. It had reached a high of 26,277.35 during trading.
Shares of companies
Shares of many companies listed on the Sensex fell. Shares of Power Grid, ICICI Bank, Bharti Airtel, and HDFC Bank declined.
But the shares of some companies saw a rise. These include Sun Pharma, Reliance Industries, Titan, and HCL Technologies.
Analysts' opinion
Vinod Nair, analyst at Geojit Financial Services, said that investors are taking profits after the recent rally. That is why volatility is being seen in the market.
Other markets in Asia
A mixed trend was seen in Asian markets. Japan's Nikkei and China's Shanghai Composite rose, while South Korea's Kospi fell.
Edge in Europe
Many European markets also saw gains. US markets also closed in positive territory.
Investor activity
According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 629.96 crore. Domestic institutional investors (DIIs) also bought shares worth Rs 2,405.12 crore.
Oil prices
The price of global oil standard Brent crude has fallen by 0.03 percent to $ 71.58 per barrel.
Previous condition of Sensex
The BSE Sensex had risen 666.25 points to a high of 85,836.12 on Thursday.
Thus, the main reason for the fall in the market on Friday was profit booking. Investors are still cautious at higher levels.
