<\/p>\n
Domestic equity benchmark Sensex crashed 634 points on Friday, tracking losses in index majors Reliance Industries, HDFC and Infosys amid a selloff in global equities.<\/p>\n
The 30-share BSE index ended 633.76 points or 1.63 per cent lower at 38,357.18.The NSE Nifty plunged 193.60 points or 1.68 per cent to close at 11,333.85.<\/p>\n
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.<\/p>\n
On the other hand, Maruti and TCS finished with gains.<\/p>\n
According to traders, domestic markets followed the massive selloff in global equities.<\/p>\n
Stock exchanges on Wall Street ended with heavy losses in overnight session led by a carnage in technology stocks.<\/p>\n
Following suit, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended up to 1.25 per cent lower.<\/p>\n
On the other hand, stock exchanges in Europe opened on a positive note.<\/p>\n
Through the week, the market remained cautious on weaker-than-expected GDP number and lacklustre GST collections even though PMI and auto sales showed some improvement, said Sanjeev Zarbade, VP PCG Research, Kotak Securities.<\/p>\n
Indo-China border tensions, rising cases of infections, global market correction and valuations are the key risks to the domestic market, he added.<\/p>\n
In the forex market, the rupee appreciated 33 paise to close at 73.14 against the US dollar.<\/p>\n
Meanwhile, global oil benchmark Brent crude was trading 0.91 per cent higher at USD 44.47 per barrel.<\/p>\n
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