Key benchmarks turned down nearly 2% on the Week ended Friday in line with weak Asian market trends as investors' sentiment remained muted in view of the COVID-19 rise in some countries.
For the fourth straight day, selling pressure on the 30-share BSE Sensex persisted as it fell 980.93 points, or 1.61%, to close at 59,845.29. It fell 1,060.66 points or 1.74% over the day to 59,765.56. On similar lines, NSE Nifty, fell 320.55 points or 1.77% to close at 17,806.80.
Tata Steel experienced a decline of roughly 5% from the Sensex pack. Tata Motors, State Bank of India, Bajaj Finserv, Reliance Industries, Wipro, IndusInd Bank, Larsen & Toubro, and Maruti Suzuki were among the other significant laggards.
International Markets: Equity markets in Seoul, Tokyo, Shanghai, and Hong Kong finished in the red on other Asian exchanges. In mid-session trades, equity exchanges in Europe were trading in the green. On Thursday, the U.S. markets had a precipitous downward finish.
Crude Oil: Benchmark Brent crude for global oil prices increased 1.89% to $82.51 per barrel.
According to exchange data, foreign institutional investors (FIIs) changed their position from sellers to buys on Thursday, buying shares worth a net of Rs928.63 crore.
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