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Indian equity markets were down on Friday due to profit booking, weakness in the global markets and rising novel coronavirus cases, which led to the announcement of further lockdowns in different parts of the country. Concerns over the extension of loan moratorium and the declaration of DHFL as a fraud case by PNB led to a sharp decline in Banking stocks. At the end of the day, Sensex was down by 143 points to close at 36,594 while Nifty was down by 45 points to close at 10,768. Sectorally, Pharma and IT closed in green, while Banking and Auto closed in red. FIIs sold shares worth Rs 1031 crore, while DIIs sold shares of worth Rs 431 crore. Asian markets are trading in green currently. Indian markets started the week on a strong note. We expect Nifty to trade between 10,710 to 10,660 for the day.