Market Closing Bell: Markets fall for 4th straight day, BSE decline 424.90 factors

Market Closing Bell: Fairness benchmark indices Sensex and Nifty continued to fall for the fourth straight session on Friday i.e. February 21, 2025, dragged by auto shares and relentless international fund outflows.

The 30-share BSE benchmark Sensex dropped 424.90 factors or 0.56 per cent to settle at 75,311.06. Throughout the day, it tanked 623.55 factors or 0.82 per cent to 75,112.41.

The NSE Nifty declined 117.25 factors or 0.51 per cent to 22,795.90.

In 4 buying and selling days, the BSE bellwether gauge tumbled 685.8 factors or 0.90 per cent whereas the Nifty declined 163.6 factors or 0.71 per cent.

From the Sensex pack, Mahindra & Mahindra tanked over 6 per cent. Adani Ports, Tata Motors, Solar Pharma, Energy Grid, Zomato, ICICI Financial institution, State Financial institution of India and UltraTech Cement had been additionally among the many laggards.

Tata Metal, Larsen & Toubro, HCL Tech, Asian Paints, HDFC Financial institution and NTPC had been among the many gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled within the optimistic territory. European markets had been quoting largely greater. US markets ended decrease on Thursday.

International oil benchmark Brent crude dipped 0.59 per cent to USD 76.05 a barrel.

The Sensex dropped 203.22 factors or 0.27 per cent to settle at 75,735.96 on Thursday. The Nifty dipped 19.75 factors or 0.09 per cent to 22,913.15.

Earlier, Sensex and Nifty declined in early commerce on Friday. The 30-share BSE benchmark Sensex declined 202.21 factors to 75,533.75 in early commerce. The NSE Nifty dipped 63.5 factors to 22,849.65.

In the meantime, gold costs on Friday fell by Rs 107 to Rs 85,917 per 10 grams in futures commerce amid muted in spot demand. 

On the Multi Commodity Alternate, gold contracts for April supply traded decrease by Rs 107 or 0.12 per cent at Rs 85,917 per 10 grams in a enterprise turnover of 15,793 tons.

Analysts attributed the autumn in gold costs to weak world cues. Globally, gold futures decreased by 0.28 per cent to USD 2,930. 66 per ounce in New York.

With PTI inputs