Sensex, Nifty end the week in the red dragged by IT, energy stocks

The stock markets ended in the red on the last of the week with the Sensex 79.13 points down at 35158.55, while the Nifty settled 13.20 points lower at 10585.20 as energy and IT stocks dragged the indices.

For the week, the Nifty gained 0.3% and the Sensex added 0.4%.

Software services exporter Infosys Ltd was the biggest drag on the NSE index with a drop of 2.4%. Larger rival Tata Consultancy Services Ltd fell 1.7%.The rupee was trading higher by 39 paise at 72.61 per dollar. US Fed signalled a rate hike next month.

A softer Brent rubbed off on shares of aviation companies as Brent oil dropped under $70 for first time since April.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here