Markets Crash! Sensex And Nifty Dip Over 1 Percent

The equity benchmark indices Sensex and Nifty concluded lower on Friday as investors sought to book profits owing to negative global market trends.

The 30-share BSE Sensex dipped 738.81 points, or 0.90 percent to 80,604.65. The Nifty sank 269.95 points, or 1.08 percent to 24,530.90.

Samvardhana Motherson, Tata Steel, Havells India, BPCL, JSW Steel, Jindal Steel & Power, HAL, Hindalco, GAIL (India), ONGC, Siemens, Torrent Pharma, Tata Motors-DVR, Tata Power, and ABB India were the top laggards.

Among the gainers were Infosys, ITC, Berger Paints, LIC, Asian Paints, JIO Financial Serv., LTIMindtree, IRFC, Britannia Industries,  and Bajaj Holdings.

In Asian markets, Malaysia, and Shanghai closed in positive territory, while Tokyo, Thailand, Taiwan, South Korea, Hong Kong, Indonesia, and Singapore ended in negative territory.

US markets closed lower on Thursday.

European stocks were trading in negative territory.

Brent crude lost 0.41 percent to USD 84.76 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 5,483.63 crore on Thursday.

On Thursday, the Sensex climbed 626.91, or 0.78 percent to 81.343.46, while the Nifty advanced 187.85 points, or 0.76 percent to 24,800.85.

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