There was a ruckus as soon as the stock market opened on Friday, the last trading day of the week, and it remained in the red for the entire day’s trading. The BSE Sensex ended the day at 58,152, down 733 points, while the NSE Nifty fell 231 points to 17,375.
The Sensex had previously broken 650 points at the start of trading and opened at 58,275. Similarly, the Nifty index of the NSE began trading at 17,413 points, a drop of 192 points. With the start of business, the downward trend has become more pronounced. The Sensex had dropped 997 points to 57,929 points after an hour of trading, while the Nifty had dropped more than 294 points to a low of 17,311. The stock market jumped after the Reserve Bank of India announced the results of its MPC meeting on Thursday, and the rally continued until the end of trading. The Bombay Stock Exchange’s 30-share Sensex gained 460 points to close at 58,926. At the same time, the Nifty index of the National Stock Exchange closed at 17,606, up 142 points.