Mumbai
The Indian stock market closed in a red mark in Friday’s trading session. There was all -round selling in the market. At the end of the trading, the Sensex fell 930 points or 1.22 percent to 75,364 and the Nifty was 345 points or 1.49 percent to 22,904. The effect of the decline showed more on midcap and smallcap than largecap. The Nifty Midcap 100 index was 1,516 points or 2.91 percent to 50,645 and the Nifty Smallcap 100 index at 579 points or 3.57 percent with a weakness of 15,675.
Auto, IT, PSU bank, pharma, metal, energy, infra and commodity index closed in red mark on sectoral basis. Only financial services and FMCG index are closed in the green mark.
The Sensex Pack featured Bajaj Finance, HDFC Bank, Nestle, ICICI Bank, Asian Paints and ITC Top Gainers. Tata Steel, Tata Motors, L&T, IndusInd Bank, Reliance Industries, Tech Mahindra, Sun Pharma and HCL Tech Top Losis were.
Vinod Nair, Research Head of Geojit Investment Limited, said that recently the implementation of tariffs more than the US has greatly affected the global markets and investors are assessing the situation of damage to it. The possibility of retaliation against the US has further increased uncertainty. This has led to a decrease in American bond yield and crude oil prices, which reflects concerns about potential economic recession and increasing risk of recession.
The US President Trump had a huge selling in the US markets on Thursday after the reciperock tariff. Dow closed with a decline of around 4 percent and the technology index Nasdaq by nearly 6 percent.
Foreign institutional investors (FIIs) continued their selling in the fourth consecutive session on 3 April and sold shares worth Rs 2,806 crore. In contrast, domestic institutional investors (DIIs) remained a pure buyer for the fifth consecutive day and bought shares worth Rs 221.47 crore.
