Sensex loses 134 points; financial stocks lag behind

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The national equity benchmark, Sensex, ended Friday down 134 points, dragged down by losses in financial stocks amid mixed global signals.

After balancing 564.69 points during the day, the 30-stock ESB index stood at 134.03 points or 0.34% lower at 38,845.82.

The NSE Nifty lost 11.15 points or 0.10% to end at 11,504.95.

HDFC Bank was the first loser in the Sensex pack, losing more than 2%, followed by Kotak Bank, Bajaj Finserv, Maruti, Titan, SBI, HUL, HDFC and Tata Steel.

On the other hand, Bharti Airtel, M&M, NTPC, Tech Mahindra, Sun Pharma and PowerGrid were among the winners.

According to traders, despite a positive start, domestic stocks ended on a negative note, reflecting weakness in financial stocks and outflows of foreign funds.

Foreign institutional investors on Thursday sold shares worth ₹ 249.82 crore on a net basis, according to foreign exchange data.

Meanwhile, the Shanghai, Hong Kong, Seoul and Tokyo stock exchanges saw gains, while most European exchanges traded with a negative bias.

The world’s benchmark crude oil, Brent, was trading 0.39% up to $ 43.47 per barrel.

In the forex market, the rupee strengthened by 21 peas to close at 73.45 against the US dollar.

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