sensex today: Market Watch: Nifty bulls look indecisive | The Economic Times Podcast

Indian equity indices closed in the red for the second day in a row on Friday as global recession worries stoked by weak US consumer data weighed on investor sentiments. Selling was seen across all sectors except PSU banks and oil & gas stocks.

The BSE Sensex index ended 237 points or 0.39% lower at 60,662, while Nifty50 fell 80 points or 0.44% to settle at 18,027.

From the Sensex pack, HUL, Asian Paints, Bajaj Finance and Nestle were the worst performers, falling about 2-4%. Bajaj Finserv, Reliance, L&T, Maruti, Sun Pharma, Infosys, and Bharti Airtel also ended with cuts.

On the other hand, Power Grid, HDFC Bank, HDFC, ITC, Tata Motors and ICICI Bank ended with gains.

Sectorally, the Nifty Consumer Durables fell 1.03% and Nifty FMCG declined 0.96%. Auto, media, metal, pharma, realty and IT stocks also closed lower. Whereas, in the broader market, Smallcap50 dropped 0.63% and Nifty Midcap50 declined 0.78%.

The market capitalisation of all listed companies on the BSE declined by Rs 1.57 lakh crore to Rs 280.26 lakh crore.

Asian equity markets rose on Friday amid optimism about China’s reopening following the lifting of stringent Covid curbs. Japan’s Nikkei added 0.56%, helped by a retreat in the yen. South Korea’s Kospi gained 0.63%, reversing an earlier loss, and Australia’s benchmark edged 0.23% higher.

Meanwhile, FTSE100 rose 0.4%, but was set to end the week in red. The FTSE 250 also added 0.4%.

Mr Rupak De of LKP Securities said the sentiment remains indecisive as the Nifty has formed a back-to-back Doji pattern on the weekly chart.

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