By Admin 
Stock Market News: Weakness was seen in the domestic stock markets on Friday. Due to selling in shares of private banks and weak trend of global markets, both Sensex and Nifty closed in loss. BSE’s 30-share Sensex fell 465.75 points (0.55%) to close at 83,938.71, while at one point it fell by 498 points during trading. NSE’s Nifty fell 155.75 points (0.60%) and closed at 25,722.10.
Why is the market falling?
Analysts say that selling by foreign investors, mixed results of companies, and uncertainty over the US Federal Reserve’s interest rates affected investor sentiment. Among Sensex companies, shares of Eternal, NTPC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finserv, Power Grid, Trent and HDFC Bank declined. At the same time, Bharat Electronics, L&T, TCS, ITC and SBI closed with gains.
Market closed in red mark
In Asian markets, Japan’s Nikkei and South Korea’s Kospi were in the lead, while China’s Shanghai Composite and Hong Kong’s Hang Seng closed in the red.
European markets also witnessed a downward trend in the afternoon session, while US markets closed weak on Thursday.
Meanwhile, Brent crude fell 0.31% to $ 64.80 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,077.59 crore on Thursday, while domestic investors (DIIs) bought shares worth Rs 2,469.34 crore.
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