Sensex loses 134 points; financial stocks lag behind



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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