MARKET CLOSING UPDATES: Equity Benchmark indices Sensex and Nifty closed down in the red on weekended Friday, February 17, following losses in Tech and banking shares amid overall weak global market trends.
The 30-share Sensex declined 316.94 points or 0.52 percent to settle at 61,002.57, while the NSE Nifty went lower by 91.65 points or 0.51 percent to end at 17,944.20.
IndusInd Bank, Nestle,, State bank of India, Mahindra & Mahindra, Kotak Mahindra Bank, TCS, HCL Technologies, Axis Bank, Infosys and Bharti Airtel were among the major losers in the Sensex pack. On the other hand, Larsen & Toubro, UltraTech Cement, Asian Paints, NTPC and Reliance were among notable gainers.
International Markets: European markets were trading in negative territory. The U.S. markets had ended sharply lower on Thursday. In Asian markets, Japan, South Korea, Hong Kong and China ended lower.
"Want of major triggers in the Indian market is attracting global cues to dictate the market trend. The US market is facing an unfavourable combination of higher-than-expected inflation and a stronger job market, experts said. Crude Oil: International oil benchmark Brent crude fell 1.74 percent to USD 83.66 per barrel.
As per Stock exchane data, Foreign Portfolio Investors (FPIs) were net buyers as they bought shares worth Rs.1,570.62 crore on Febraury 16.
Investors pull out USD2.5-bln in days from Binance's stablecoin on regulatory check
Adani Stock in focus as MSCI reviews, ESG and climate indices this week
Vedanta cuts debt by USD2 billion as funding woes linger