India Markets Friday Wrap-Up: Markets Languish in the Red

Equitymaster submits:

After opening on a weak note, Indian markets oscillated to either side of yesterday’s close in the morning session before a fresh bout of profit booking took its toll. Persistent selling in the index heavyweights in the afternoon session led the indices to close well below the dotted line. While the BSE Sensex closed lower by around 322 points (down 2%), the NSE Nifty lost around 85 points (down 2%). Midcap and smallcap stocks were not spared either as the BSE Midcap and BSE Smallcap closed marginally in the red. While losses were seen in stocks across sectors, FMCG and healthcare stocks managed to buck the trend.

As regards global markets, Asian indices closed mixed today while European indices have opened in the red. The rupee was trading at Rs 45.21 to the dollar at the time of writing.

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