Stock market today: Key equity indices, the Sensex and the Nifty 50, closed in the green on Friday, May 10, on buying in shares of select heavyweights, including ITC, Reliance Industries, Bharti Airtel, NTPC, Hindustan Unilever and Power Grid, amid positive global cues.
However, Friday’s gains in the market were insufficient to offset the losses incurred by the indices during the week. For the week ended May 10, the Sensex and the Nifty 50 ended about 2 per cent lower each, while the BSE Midcap and Smallcap indices fell 3 per cent and 4 per cent, respectively.
Investors lost nearly ₹10 lakh crore in a week as the overall market capitalisation of the firms listed on the BSE dropped to nearly ₹396.6 lakh corr from nearly ₹406.2 lakh crore on Friday, May 3.
On Friday, Sensex snapped its three-day losing run to close 260 points, or 0.36 per cent, higher at 72,664.47, with shares of ITC, Reliance Industries and Bharti Airtel among the top contributors to the gain.
After five consecutive days in the red, the Nifty 50 ended 98 points, 0.44 per cent, higher at 22,055.20.
(More to come
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates.
Published: 10 May 2024, 03:33 PM IST
