{"id":8940,"date":"2020-05-22T23:45:46","date_gmt":"2020-05-22T18:15:46","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=8940"},"modified":"2020-05-22T23:45:48","modified_gmt":"2020-05-22T18:15:48","slug":"sensex-and-nifty-end-the-week-in-red","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/sensex-and-nifty-end-the-week-in-red\/","title":{"rendered":"Sensex and Nifty End the Week in Red"},"content":{"rendered":"\n

Sensex dropped 260.31 points to close at 30672.59 lowering 450 points during the day. Similarly, Nifty fell 67 points to settle at 9039.25.<\/p>\n\n\n\n

Indian equity market witnessed sharp sell-off shares in the Banking sector after the economic policy announcement by RBI Governor. Asian market closed negative leading to the Indian equity market opening the session in the red. Repo rate cut from 4.4% to 4% did not do much for the investors as they were hoping for some loan restructuring measures. While, IT sector witnessed gains of over 1.3%, however other sectors witnessed a downfall. In the afternoon session, some buying was seen in Auto, Pharma and IT sector helping the market recover and close with a loss of 0.7%.<\/p>\n\n\n\n

Investors will be cautious and will study the market developments with Coronavirus cases<\/a> and its vaccine<\/a>. <\/p>\n\n\n\n

Top Gainers: BSE, NSE, Sensex and Nifty<\/strong><\/h4>\n\n\n\n

In BSE, Indo Thai Securities<\/a> and TVS Srichakra gained the most with over 20%. They were followed by Marg Techno Pro and Kothari Product, gaining 19.90% and 19.89%. In NSE, TVS Srichakra topped with 20%. Followed by Kothari Product, Indo Thai Securities and Krebs Biochem gaining 19.92%, 19.23% and 15.48% respectively.<\/p>\n\n\n\n

In Sensex, M&M topped the list with gaining 4.43%. Followed by Infosys, Asian Paints and Tech Mahindra increasing by 3.01%, 2.72% and 1.88% respectively. Top gainers in Nifty 50 include Zee Entertainment Ltd., M&M, Cipla and Shree Cements gaining 6.04%, 4.43%, 3.69% and 3.42% respectively.<\/p>\n\n\n\n

Losers: BSE, NSE, Sensex and Nifty<\/strong><\/h4>\n\n\n\n

In BSE, Shashijit Infra fell the most with 16.49%. Followed by Signet Ind., Quick Heal Tech and Invest and Prec falling 13.43%, 10.50% and 9.97% respectively. In NSE, Signet Ind dipped by 10.53% followed by Quick heal Tech, BSE Limited and Birlasoft dropping 10.50%, 8.46% and 7.32% respectively.<\/p>\n\n\n\n

In Sensex, Axis Bank was worse hit losing 5.65%. Other losers include HDFC, ICICI Bank and Tata Steel dipping 4.99%, 4.32% and 3.23% respectively. In Nifty 50, Axis Bank dropped the most with 5.67%. Followed by Bajaj Finserv, Hindalco and Bajaj Auto dipping 4.93%, 3.59% and 3.28% respectively.<\/p>\n\n\n\n

FII and DII<\/strong><\/h4>\n\n\n\n

Foreign Institutional Investors bought shares of around 4404.88 crores and sold shares of value 5758.78 crores. Foreign investors took out a total of 1353.9 crores from the Indian financial market.<\/p>\n\n\n\n

Domestic Institutional Investors bought shares of around 4164.03 crores during the session and sold shares of value 4508.19 crores. Domestic investors took out a total of 344.16 crores of investment.<\/p>\n\n\n\n

Marking weak domestic economy and depreciating Rupee against US Dollar, foreign and domestic investors are fearing about their investment in equity market.<\/p>\n\n\n\n

RBI Governor Speech highlights<\/a><\/strong><\/p>\n\n\n\n