The Sensex fell 366 points on Friday, and the Nifty fell below 19,300

By admin

With a 1% decline in each of the following sectors: capital goods, FMCG, PSU bank, metal, real estate, and power, all sectoral indexes ended in the red.

In anticipation of the US Federal Reserve chair’s address at the annual Jackson Hole conference later in the day, investors saw India’s main indices end lower for the second straight session on August 25.

The Nifty fell 120.90 points, or 0.62 percent, to 19,265.80, while the Sensex closed 365.83 points, or 0.56 percent, lower at 64,886.51.

The market began the session lower on weaker global sentiment and closed lower as well, with the Sensex falling below 65,000 and the Nifty testing 19,200 as selling spread across all sectors.

The Sensex and the Nifty finished level for the week.

Among the top Nifty gainers were Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC, and Bharti Airtel, while losers included Larsen & Toubro, Adani Ports, JSW Steel, and Power Grid.

All sectoral indexes finished in the red, with declines of one percent or more in capital goods, FMCG, PSU banks, metal, real estate, and power.

The BSE smallcap index decreased by 0.2%, while the midcap index decreased by about 1%.

Syngene International, L&T Finance Holdings, and Ambuja Cements all experienced a brief build-up, whilst Vodafone Idea, Sun TV Network, and Escorts Kubota experienced a lengthy build-up.