Stock market closes on a positive note, Global crypto market is heavily eroded..!
Although the market saw a slight decline during the day, both the Sensex and the Nifty recovered by the close. The Indian stock market was almost flat on the final day of the week. Major Indian indices also closed slightly above their opening levels due to lack of movement in global markets.
Both are closed in the red today, but a good sign is that both daily indicators are green. Today The BSE Sensex closed down 30.81 points (0.05 per cent) at 58,191.29 on Friday. The Nifty closed down 17.10 points (0.10 percent) at 17314.70. As for the Bank Nifty, it closed down 104.70 points (0.27 per cent) at 39,178.10.
American market :- Yesterday, Nasdaq lost 75.33 points or 0.68 percent in the US markets. European markets were seen in the green today with marginal gains. The FTSE (7,009.65) was up 12.38 points (0.18 per cent), CAC (5,944.37) up 7.95 points (0.13) and DAX (12,474.84) up 4.06 points (0.03 per cent) today.
Asian market :- In Asian markets, the Nikkei 225 lost 195.19 points (0.71 percent), while the Hang Seng shed 272.10 points. The Hangsheng fell 1.51 percent, while the Kospi shed 5.02 points, or 0.22 percent.
Rupee weakens against dollar On:- Friday, the rupee closed at a historical low against the dollar. For the first time in the currency market, the rupee has closed at the level of 82.33. This morning the rupee opened at 82.20 and ended at 82.42. But the rupee closed at 82.33 after a slight recovery from the lows.
What is the situation in the crypto market? Bitcoin, the most dominant cryptocurrency in the crypto market, saw a 1% drop in its market price on Friday. Bitcoin is trading at $20,049 on Friday. The global crypto market cap fell below $1 trillion on Friday. Tata Group’s Stock Titan was the top gainer. FMCG, IT and metal sectors witnessed the biggest decline.
Apart from Bitcoin, Ether, the world’s most popular cryptocurrency, the Ethereum blockchain also saw a 1% decline. Ether’s market price is trading lower at $1,358 on Friday. The global crypto market cap is trading at $998 billion, down 2% in the last 24 hours. Nifty’s realty and energy sectors closed at green mark with slight gains.