03-May-2024 06:11 PM
9200
Mumbai, May 3 (Reporter) The stock market on Friday fell nearly one percent as the BSE sensex closed at 73878.15 points down by 732.96 points from previous close even as there were no negative surprises in the Q4 earnings of some of major companies.
According to brokers, heavy profit booking and a degree of caution ahead of release of US data on jobs took the toll. The NSE Nifty also closed down at 22475.85 down 172.35 points.
All the indices were in the red. At one point the 30-share BSE sensex was down over 1200 points during the intra-day but recovered partially to close about 733 points down.
A sharo volatility was witnessed in the market as it opened in green. All major counters including TCS, Tata Motors or HDFC Bank and others opened higher in the early trade but fell sharply within an hour or so.
Top losers include L&T, Maruti Suzuki, RIL and Bharti Airtel among others while Coal India Limited, Grasim, ONGC, Hindalco and Apollo Hospitals remained firm in such a volatile market.
In the last trading session, the Foreign Institutional Investors (FIIs) were net sellers to the tune of Rs 964 crore whereas the their Domestic counterpart (DIIs) purchased equities worth Rs 1,352 crore...////...