Sensex loses 867 points, Nifty barely holds 16,400 mark
What's the story
On Friday, the stock market traded in red as the Sensex slipped 866.65 points, or 1.58% to 54,835.58 points while the Nifty dropped 271.4 points, or 1.65%, to 16,411.25 points. The midcap indices traded in red as well, witnessing a bearish run as the Nifty Midcap 50 shed 150.05 points to 7,822.05 points. Here's all you need to know about Friday's market report.
Round-up
Who were the biggest gainers and losers?
Coming to the top gaining sectors of the market, Nifty ENERGY emerged as the highest gaining sector on Friday with a 0.19% rise. Meanwhile, Hero Motocorp, Tech Mahindra, and Power Grid Corp emerged as the biggest stock gainers, adding 2.41%, 2.28%, and 2.1%, respectively. Among the biggest stock losers were Bajaj Finance, Shree Cements, and Divis Labs, which plunged 4.84%, 4.7%, and 4.66%, respectively.
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Take a look at the global markets
Moving on to the Asian markets, the Shanghai Composite Index plunged 2.16% to 3,001.56 points while the Hang Seng Index too declined 3.81% to 20,001.96 points on Friday. In the US market, NASDAQ witnessed a steep fall, dropping 647.17 points, or 4.99%, to 12,317.69 points.
Commodities
Brent crude oil prices up by $3.06
On Friday, the Indian rupee (INR) edged 0.86% lower to Rs. 76.91 versus the US Dollar. The gold and silver futures prices traded in the green. While the gold futures gained Rs. 372, or 0.73%, to settle at Rs. 51,271, silver futures shot up by 0.5% to Rs. 62,650. Meanwhile, the crude oil future prices surged by $3.06, or 2.84% to $110.52/barrel.
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Fuel prices in Delhi and Mumbai remain unchanged
The fuel prices in New Delhi remain unchanged on Friday with diesel priced at Rs. 96.71/liter and petrol costing Rs. 105.45/liter. In Mumbai, the country's financial capital, diesel costs Rs. 104.75/liter whereas petrol is priced at Rs. 120.5/liter.