Closing Bells: Indian Benchmark Cues End Friday Nearly 0.1% Lower

The Indian benchmark indices ended Friday nearly flat but with a negative bias. Both Sensex and Nifty closed the day almost 0.1% lower. An increase in the new COVID-19 cases and regulatory actions in China resulted in a fall in the Asian markets. Even the European and American indices were trading low.

The S&P BSE Sensex closed the day at 52,586.84 points. Over the day, it recorded a fall of 0.13% or 66.23 points. Sun Pharma and Tech Mahindra emerged as the top gainers in the index. They gained 10.06% and 7.24%, respectively, on Monday. PowerGrid, Bajaj Auto, HCL Tech and Mahindra & Mahindra followed them, with their share price surging by 2.18%, 2.18%, 1.77% and 1.57%, respectively. 

The share price of NTPC, HDFC, Dr Reddy’s increased by 1.24%, 1.24%, and 0.89%, respectively. The other stocks to close the day in the green were Kotak Bank, HDFC Bank, L&T, and Hindustan Unilever. Bajaj Finance and Bajaj Finserv lost the most among the Sensex stocks. Their share price went down by 2.59% and 2.53%, respectively. 

SBI, Tata Steel, Titan and Asian Paints followed their share price collapsing by 2.28%, 1.73%, 1.47%, and 1.29%. Axis Bank, IndusInd Bank, Nestle India and Reliance tanked by 1.14%, 1.10%, 1.03%, and 0.97%, respectively. The other stocks to close the day in the red are TCS, Bharti Airtel, ICICI Bank, UltraTech Cement, ITC, Infosys and Maruti. 

The NSE Nifty 50 closed the day at 15,763.05 points, going down by 0.098% or 15.40 points over the days. 50 of the 27 stocks that form the Nifty index closed higher while the remaining 23 ended the day lower. Sun Pharma advanced the most with its share price growing by 10.04%, while Bajaj Finance lost the most with its share price going down by 2.63%. 

For any clarifications/feedback on the topic, please contact the writer at vineeth.nc@cleartax.in

You May Also Like
Gold Jewellery

24K Gold Rate in India for October 2019: Week 3

The week commenced with the gold rate in India holding at Rs.38,300…
Gold rate

24K Gold Rate in India for February 2020: Week 4

When trading opened for the week, 24K gold rate in India was…

Is income tax applicable on Bonus Income?

Did you know that tax deductions don’t apply for the incentives and…

24K Gold Rate in India for July 2019: Week 5 (29 – 31)

Trading commenced for the final week with gold price in India holding…