• Phone: +91-98-166-64762
  • info@aceinvestmentadvisory.com
SEBI No. INA100002958     Stay Connected:

Amid weakness in the global markets and heavy selling pressure in IT, metals, realty, PSU banks and FMCG sectors, Sensex and Nifty — the benchmark indices of the Indian equity markets — closed Friday’s trade in the negative territory. While the headline indices slipped, the broader markets outperformed, with the S&P BSE mid-cap index gaining 0.66% and the small-cap index ending Friday’s trade 0.58% up.

The BSE Sensex closed trade 79.13 points or 0.22% lower at 35,158.55 points. Reliance Industries, Infosys, TCS, ITC, HDFC Bank and SBI together wiped off nearly 200 points from the Sensex. However, the market breadth remained slightly bullish as 1,339 companies advanced compared to 1,199 declines. On the National Stock Exchange, the broader Nifty 50 fell by 13.20 points or 0.12% to end at 10,585.20 points. The Bank Nifty closed 0.13% higher.

Global stocks were heading for their biggest drop in two weeks and emerging market currencies also slipped on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets, said a Reuters report. However, the Indian rupee bucked the trend and gained 0.4% to the dollar as markets caught up after on-shore trading was closed on Wednesday and Thursday for public holidays. Brent crude dropped under $70 for the first time since April.