Share Market Started Flat, Yes Bank Fell with a Big Difference

After Thursday's flat closing, there was again fluctuation recorded in the stock market.
Image Credit: The Financial Express
Image Credit: The Financial Express

On the last trading day of the week, the Indian stock market started on Friday with fluctuation. The gain in the Sensex was seen and after some time it was broken. Sensex near 10 o'clock in the morning rose 15 points to cross 39 thousand 600 levels. When it comes to the Nifty, it reached 11,845 points with a gain of 5 points. Let us know that on Thursday the Sensex and the Nifty were nearly flat. The Sensex slipped 5.67 points, or 0.01 per cent, to close at 39,586.41, and the Nifty slipped 6 points, or 0.05 percent, to 11,841.55.

Tech Mahindra shares gained more than 1.66 percent in early trading. In the same way, shares of Sun Pharma, L & T, Infosys, Powergrid, Maruti, ITC, Power Grid and Axis Bank were also seen marginally. If you talk about the stocks traded on the red mark then Yes Bank is at the forefront. YES Bank's shares plummeted by more than 1.55 per cent, while Airtel was down by more than 1 percent. Similarly, slippages in the shares of IndusInd Bank, ICICI Bank, Bajaj Auto, Tata Steel, Hero MotoCorp, TCS, Vedanta, HDFC Bank and Kotak Bank were also recorded.

On Thursday, the Sensex opened at 39,633.97 with a gain of 41.89 points, and settled at 39,817.22 on Thursday, but the session closed 5.67 points, i.e. 0.01 per cent, at 39,586.41. The lower level of the Sensex was 39,510.44 during the trading. Similarly, the Nifty rose 13.3 points from last session to 11,860.85 and touched 11,911.15, but it ended at 11,841.55, with a drop of 6 points, which is 0.05 percent. The lowest level of Nifty during trading was 11,821.05.

In the meantime, on Friday, the rupee opened stronger with 5 paise against the US dollar. In the opening trade, the rupee opened at a rate of 69.01 per dollar against the US dollar. In the previous session, the rupee had closed at a level of 69.06 per dollar against the dollar.

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