In the midst of conflicting signals from international markets, the stock market has seen heavy selling in banking, financial, and energy firms. Due to mixed indications from Asian markets, the stock market fell throughout the first part of Friday’s trading. Following this, there were significant swings in the stock market while trading continued. BSE Sensex dropped 342.74 points to 65,639.74 on Friday. Nifty dropped to 19,667.45, down 97.75 points. As a result, there was extreme volatility and swings in value for both benchmark indexes.

Top Gainer And Top Loser

State Bank of India saw a decrease of 3.64% among Sensex firms, while Axis Bank saw a 3.03 percent decline. The equities of IndusInd Bank, Infosys, Kotak Mahindra Bank, Bajaj FinServ, ICICI Bank, Bajaj Finance, Wipro, and Reliance Industries all finished down at the same time.

Conversely, the biggest gainers were the stocks of Mahindra & Mahindra, Power Grid, Asian Paints, Larsen & Toubro, Hindustan Unilever, and Nestle.

The rupee fell 2 paise versus the dollar at the opening of trade yesterday. In Friday’s interbank foreign exchange market, the rupee began trading at 83.23 versus the US dollar. Early on Friday, the local currency dropped 2 paise to 83.25. The rupee’s closing value versus the dollar on Thursday was 83.23.