Sensex falls 137 points amid selling pressure, closes in red for sixth straight session
The Hindu
Continuing their selling spree, foreign institutional investors offloaded shares worth a net ₹5,255.75 crore on Thursday
The Sensex came under fag-end selling pressure to close in the red for the sixth straight session on Friday as risk-off sentiment prevailed amid unabated selling by foreign institutional investors and concerns over inflation.
The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26% to end at 52,793.62. During the day, it had rallied 855.4 points or 1.61% to 53,785.71.
On similar lines, the broader NSE Nifty dipped 25.85 points or 0.16% to settle at 15,782.15.
Among the Sensex firms, State Bank of India, ICICI Bank, NTPC, Bharti Airtel, Bajaj Finserv, Axis Bank and Maruti were the biggest laggards.
In contrast, Sun Pharma, M&M, ITC, Hindustan Unilever, Titan and Reliance were among the gainers.
Markets in Asia settled higher, with Tokyo, Hong Kong, Seoul and Shanghai gaining significantly.
Bourses in Europe were quoting higher in the afternoon session.
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.