Sensex loses 66 points, falls 0.13 per cent to close at 52586.84


Photo:FILE

Sensex loses 66 points, falls 0.13 per cent to close at 52586.84

Mumbai: Domestic stock markets fell on Friday and the benchmark index BSE Sensex fell 66 points. Selling in financial and metal stocks just before the close of trading amid weak sentiment in global markets led the market to soften. The 30-share BSE Sensex closed at 52,586.84, down 66.23 points, or 0.13 per cent. The Nifty of the National Stock Exchange also closed at 15,763.05, down 15.40 points, or 0.10 per cent.

According to traders, the market remained in a limited range for most of the time during trading. Investors took a cautious approach on the back of a weak global trend. Selling pressure was seen here at the close of trade after the European markets opened in negative territory. Bajaj Finance was the top loser of over 2.5 per cent in Sensex stocks. Besides, State Bank of India, Bajaj Finserv, Tata Steel, Asian Paints and Axis Bank were also major losers. On the other hand, other stocks including Sun Pharma, Tech Mahindra, Power Grid, Bajaj Auto, NTPC and HCL Tech were among the gainers. Sun Pharma’s stock jumped 10 percent.

It gained momentum after the company reported a net profit of Rs 1444.17 crore in the June quarter. In other Asian markets, Shanghai, Hong Kong, Tokyo and Seoul closed with losses. Major European markets witnessed a declining trend in mid-day trade. The rupee lost 13 paise to close at 74.42 against the US dollar. Meanwhile, international oil benchmark Brent crude fell 0.21 per cent to 75.89. According to the data available with the stock market, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday. He sold shares worth Rs 866.26 crore.

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