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Sensex drops 30 points to 58,191, Nifty drops 17 points to 17,314


Sensex drops 30 points to 58,191, Nifty drops 17 points to 17,314

New Delhi:

Benchmark indexes Sensex and Nifty closed slightly lower in a volatile trade on Friday after profit-taking in the financial sector and IT stocks amid a trending global stock market weakness.

Closing the two-day rally, BSE Sensex 30 shares fell 30.81 points or 0.05% to 58,191.29. On the day, it fell 370.95 points, or 0.63%, to 57,851.15.

The broader NSE Nifty fell 17.15 points or 0.10% to end at 17,314.65.

Among the shares of Sensex, Mahindra & Mahindra, UltraTech Cement, State Bank of India, Tata Consultancy Services, Bajaj Finance and ITC are major laggards.

On the other hand, Titan, Power Grid, NTPC, Maruti, IndusInd Bank and Asian Paints were the winners.

Other markets in Asia, Seoul, Tokyo, Shanghai and Hong Kong ended lower.

Stock exchanges in Europe are trading mixed in mid-session trades. US markets ended lower on Thursday.

“Prior to the release of US jobs data, the domestic market was trading with cuts in line with its global counterparts. Stronger-than-expected jobs data could lead to a market slowdown because it could give the Fed more reason to focus on inflation,” said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, international benchmark Brent crude oil futures rose 0.48% to $94.87 a barrel.

Foreign institutional investors were net buyers when they bought shares worth Rs 279.01 on Thursday, according to data available from the BSE.

(This story has not been edited by NDTV staff and is automatically generated from the syndication feed.)

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