New Delhi: The Indian stock market opened in the red with more than one per cent slump in the key indices, Sensex and Nifty on Friday. The 30 stock S&P BSE Sensex fell 736.31 points or 1.33 per cent to close at 54,583.97 points. The broader Nifty 50 of the National Stock Exchange fell 209.75 points or 1.27 per cent to 16,268.35 points. Heavy selling pressure was witnessed in consumer durables, technology, and Information Technology stocks.
In the IT stocks, the Boston Consulting Group slumped 3.83 per cent to Rs 52.75. Wipro fell 3.74 per cent to Rs 457.35. Coforge slipped 3.71 per cent to Rs 3417.80.
None of the 30 stocks that are part of the benchmark Sensex closed in the positive. In the closing session on Thursday, the Indian stock markets` key indices had snapped four days of losing run as the Sensex and Nifty rallied by nearly 0.8 per cent led by strong buying support in Reliance Industries. Also Read: 7 beautiful islands you can rent on Airbnb with stays starting at Rs 4200 for two, but…
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