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Brake on Stock Market Boom, Sensex Drops by 167 Points

Monali Gupta

In the International market, the Indian stock market showed fluctuations on the last trading day of the week amid slackness. At the end of trading on Friday, the Sensex fell by 167 points to close at the level of 38,822, while the Nifty lost 59 points and remained at the level of 11,512.

What about the shares?

Vedanta shares closed down 5.39 per cent at the end of trading. Similarly, the shares of Yes Bank, Tata Steel and IndusInd Bank also fell more than 4 percent. ONGC, Tata Motors, SunPharma, Mahindra & Mahindra, TCS, Tech Mahindra, HDFC and Maruti shares also hit the red mark. Talking about the rising stocks include Bajaj Finance, Airtel and ITC. Apart from this, Kotak Bank, NTPC, Asian Paint, HDFC Bank and Axis Bank closed on the green mark.

Meanwhile, the rupee strengthened against the dollar in afternoon trade after crude oil prices fell by more than one percent. The rupee recovered from the decline of the early trade and was moving at 10 paise per dollar. In the afternoon, the rupee had reached the level of 70.78 per dollar. Earlier on Thursday, the rupee had closed at 70.88 against the US currency.

How is the market on Thursday? 

China and the United States are preparing for a high-level dialogue. Due to this news, the Indian market got a glow on Thursday. On Thursday, the Sensex gained 396.22 points to 38,989.74 and the Nifty gained 133.10 points to 11,573.30. The Sensex touched a high of 39,158.07 and a low of 38,676.11 in day trading. Similarly, the Nifty was at the upper level of 11,610.85 and lower of 11,466.35. Let us know that US President Donald Trump has said that the trade agreement with China can be done earlier than expected.

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