Stock Market: Sensex tumbles straight from peak; The last day of the week became ‘Red Zone’ leader

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Leaders Online Desk : Stock Market : Today was completely red zone for investors. The Sensex, which reached a historic peak on Thursday after hitting a record high for six consecutive days, fell straight down. The Sensex fell by 888 points as the market closed. Nifty also fell below 19750. IT stocks were hit the hardest. Shares of Infosys fell more than 9 percent. While the overall IT sector fell by more than 4 percent. On the other hand, shares of Hindustan Unilever fell by 4 percent and Reliance by 2 percent. The market closed today Friday weekend with red lights.

Indian stock markets today opened in negative red after mixed signals in global markets. Nifty closes below 19800, Sensex falls 600 points after market opening; Bank Nifty was trading above 46150. The red hues persisted throughout the day today till the market closed. While the Sensex fell by 888 points while the Nifty also remained below 19750 points as the market closed.

Stock Market: Top Gainers and Losers

India Mart Intermesh Ltd., Wrights Ltd., Jindal Saw Ltd., United Spirits Ltd. and Atul Limited were the top gainers at the close of the market. While Infosys, CIE Automotive India Ltd., Persistence Systems Ltd., Dalmia Bharat Ltd. Tech Mahindra Ltd., Reliance, TCS, HDFC Bank, HCL Tech, ITC, Axis Bank, ICIII Bank were all losers.

Infosys was hit hardest by the cut in revenue guidance

All Indian IT stocks, including Infosys, fell on Friday after top software services provider Infosys cut its revenue guidance, citing weakness in client spending on weak global cues. But Infosys was hit the hardest.

Fast-moving consumer goods firm Hindustan Unilever lost more than 2% after missing its June-quarter profit outlook at higher prices.

Stock Market: Big fall in gold and silver prices

Inside the market, gold fell by Rs 350 to 60,450/10 grams; Silver fell by Rs 750. Gold prices fell by Rs 350 to Rs 60,450 per 10 grams in the national capital on Friday amid weaker global trends, according to HDFC Securities. The price of the precious metal settled at Rs 60,800 per 10 grams in the previous session. Silver also fell by Rs 750 to Rs 77,200 per kg. In the international market, gold and silver prices were at $1,966 per ounce and $24.80 per ounce, respectively.

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