Sensex, Nifty Decline for A 2nd Day

Sensex and Nifty fell for the second consecutive day on Friday, mainly due to selling in banking, financial, and select IT shares amid a negative global trend.

The 30-share BSE Sensex declined 125.65 points or 0.19 percent to 66,282.74. In the morning trade, the index opened lower and sank another 513 points to a low of 65,895.41.

However, a recovery in auto shares helped the Sensex trim losses and reach a pre-close high of 66,478.90 before closing down.

The broader Nifty of NSE slid 42.95 points or 0.22 percent to 19,751.05, with 27 of its components closing in the red and 23 in the green.

In the Asian markets, the Hang Seng in Hong Kong sank 2.2 percent, the Shanghai Composite index declined 0.6 percent, the Kospi in South Korea declined 0.96 percent, and the Nikkei 225 in Japan lost 0.6 percent.

Stock markets in France, Germany, and the UK all fell.

According to the data exchange, Foreign Institutional Investors (FIIs) were net sellers on Thursday, selling shares worth Rs 1,862.57 crore.

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