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Share Market Today: Sensex, Nifty Close Lower, Tech Stocks Drag; FPIs Stay Net Sellers

Sensex closed lower by 389 points or 0.62% at 62,181.67, while the Nifty ended 113 points or 0.61% lower at 18,496.60.

<div class="paragraphs"><p>The Bombay Stock Exchange Building On Dalal Street. (Source: Reuters)</p></div>
The Bombay Stock Exchange Building On Dalal Street. (Source: Reuters)
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Foreign Investors Net Sellers

Overseas Investors in Indian equities ended the week as net sellers, making it the fifth straight day of selling.

Foreign portfolio investors offloaded equities worth Rs 158.01 crore, according to data from the National Stock Exchange.

Domestic institutional investors remained net buyers and bought equities worth Rs 501.63 crore.

Institutions net bought Rs 3,138.12 crore worth of equities in December so far, and net sold Rs 12,313.77 crore worth of Indian equities till date in 2022.

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10-Year Bond Yield Ends Flat

Yield on the 10-year bond ended flat to close at 7.30% on Friday.

Source: Bloomberg


Rupee Gains Against The Greenback

The Indian rupee appreciated by 15 paise to close at 82.28 against the U.S. Dollar on Friday.

The local currency had closed at 82.43 on Thursday.

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Closing Bell

The Indian benchmark indices fell in trade after a volatile day and snapped their two-week gaining streak

The S&P BSE Sensex closed lower by 389 points or 0.62% at 62,181.67 points, while the NSE Nifty 50 ended 113 points or 0.61% lower at 18,496.60 points.

Out of the stocks compiled by the NSE Nifty 50 Index, 17 advanced while 33 declined.

Nestle India Ltd., Sun Pharma Ltd., ITC Ltd., Dr Reddy's Ltd., and Titan Co. were the top gainers amongst the NSE Nifty 50 constituents.

Whereas, the IT stocks, such as HCL Tech Ltd., Tech Mahindra Ltd., Infosys Ltd., Wipro Ltd., and TCS Ltd. were the top laggards in the gauge.

The broader market indices; S&P BSE MidCap and S&P BSE SmallCap were down 0.45% and 1%, respectively.

Sixteen out of the 20 sectoral indices complied by the BSE declined while only four declined.

The market breadth was skewed in favour of the bears. About 1,234 rose, 2,290 declined and 117 remained unchanged on the BSE.


BSE 500 Top Movers

Yes Bank, Patym, New India Assurance and Kalpatru were among the top gainers in the S&P BSE 500 gauge.

While, Vakrangee, HCL Technologies, Bank of India, Indiabulls Real Estate and Ircon International were the top losers.

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