Sensex Falls On Friday, But Closes 2022 With 4.4% Gain At 60,840.74
NDTV
Stock Market India: Equity benchmarks fell on Friday, but closed out 2022 with over 4.3% gains to outperform their global peers.
Indian equity benchmarks fell significantly on the last trading day of 2022, but outperformed their global peers in a turbulent year for financial markets, marked by the Russia-Ukraine war, near decade-high global inflation and the resultant aggressive tightening by major central banks worldwide.
While the BSE Sensex index fell 293.14 points, or 0.48 per cent, on Friday to end 2022 at 60,840.74, for the year, the index gained over 4.4 per cent after double digit growth in the previous three years.
The broader NSE Nifty index declined 85.70 points, or 0.47 per cent, to end at 18,105.30 on Friday. Still, the index marked a 4.3 per cent gain for 2022.
On Thursday, traders positioning on the expiry of the futures and options (F&O) contracts boosted domestic stocks, with both benchmarks reversing sharp losses from earlier in the session to end the day with gains near the fag end of trading.
