• Source:PTI

Stock Market Closing:  Equity benchmark indices declined by nearly 1 percent on Friday following a brief respite as global market cues remained weak and foreign funds continued to sell domestic equities.

The 30-share BSE Sensex dropped 453.85 points or 0.62 percent to settle at 72,643.43 after a weak start. During the session, the benchmark tanked 612.46 points or 0.83 percent to 72,484.82.

The NSE Nifty fell 123.30 points or 0.56 percent to 22,023.35. From the Sensex basket, Mahindra & Mahindra, Tata Motors, NTPC, HCL Technologies, Larsen & Toubro, Infosys, Tech Mahindra, and State Bank of India were the major laggards.

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Bharti Airtel, Bajaj Finance, Bajaj Finserv, Tata Consultancy Services, and IndusInd Bank were among the gainers. In Asian markets, Seoul, Tokyo, and Hong Kong settled lower, while Shanghai ended in the green.

European markets were trading with marginal gains. The US markets ended in negative territory on Thursday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,356.29 crore on Thursday, according to exchange data.

In the broader market, the BSE midcap gauge declined by 0.51 percent while the smallcap index gained 0.25 percent.

Global oil benchmark Brent crude fell 0.68 percent to USD 84.84 a barrel. The BSE benchmark rose 335.39 points or 0.46 percent to settle at 73,097.28 on Thursday. The NSE Nifty gained 148.95 points or 0.68 percent to 22,146.65.

(With Agency Inputs)

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