Market

Closing Bells: Indian Benchmark Indices Closed Friday Over 0.1% Lower

The Indian benchmark indices closed the week on a losing note as both S&P BSE Sensex and NSE Nifty 50 dropped over 0.1% each. The losses in the indices are attributed to the underperformance of the major players across sectors. The markets witnessed considerable volatility over Friday. 

The S&P BSE Sensex closed the week at 44,149.72 points. It lost 0.25% or 110.02 points over the day. Only twelve of the thirty Sensex stocks closed the day in the green, while the rest folded in the negative terrain. Asian Paints emerged as the most significant gainer in the index. Its share price added 2.85 points to its tally. 

Titan and Tech Mahindra followed with 2.32% and 2.20% respectively. Tata Steel saw its share price surge by 1.57% over the day, while the share price of Bajaj Finance and Bajaj Auto expanded by 1.56% and 1.36% respectively. They were followed by banking stocks of HDFC Bank, IndusInd Bank, HDFC and Kotak Bank. Their share price rose by 1%, 0.85%, 0.85%, and 0.63%, respectively. 

Also Read: Closing Bells: Indian Benchmark Indices Closed Thursday Over 1.75% Higher

Maruti and NTPC are the remaining two stocks that witnessed their share price shooting up. Their share price ended the day, 0.48% and 0.11% higher, respectively. PowerGrid and HCL Tech emerged as the top losers in the index as their share price was reduced by 2.63% and 2.39% respectively. The Indian Majors TCS, Reliance, Infosys and SBI saw their share price losing 1.53%, 1.23%, 1.18%, and 0.47%, respectively. 

The NSE Nifty 50 closed the week at 12,968.95 levels. It fell 18.05 points or 0.14% over Friday. Tata Motors gained the most among all Nifty stocks; its share price moved ahead by 2.82%. On the other hand, Nestle India turned out to be the most significant loser with its share price dropping by 4.34%. 

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

Share

Recent Posts

Mutual Funds: SIP Inflows Breach Rs 19,000-Crore Mark for the First Time in February ’24

The systematic investment plan (SIP) contribution in February 2024 has crossed a new milestone. The monthly contribution tipped at Rs…

8 months ago

Income-Tax Return: A Brief Note on Annual Information Statement (AIS)

The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information Statement (AIS) via the e-filing official portal and…

8 months ago

Mutual Funds: All About SIP and Market Fluctuations

Considering the vagaries of the stock market, investors often ponder over reevaluating their strategies. Whether to continue to remain invested…

8 months ago

Income-Tax Saving Through Strategic Life Insurance Planning

Financial planning is beyond just investing wisely to save on taxes; it's also related to protecting oneself and one's loved…

8 months ago

Income-Tax Return: Here’s a Note on Tax-Saving Avenues

A salaried individual earning up to Rs 5-15 lakh as net salary on an annual basis must first take stock…

8 months ago

A Quick Take on Equity-Linked Savings Scheme

Equity-linked savings schemes (ELSS), also referred to as tax-saving schemes, are equity funds that invest a significant portion of their…

8 months ago