Share Market Closing Bell: Sensex fell by 366 points, Nifty closed near 16500

Share Market Closing Bell: Sensex breaks 769 points, Nifty closes below 16250

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new Delhi. On the last trading day of the week, the sluggishness of the previous day continued in the stock market and both the indices opened on the red mark. Sensex lost 722 points to open at 54,380 level, while Nifty slipped 205 points to start trading at 16,293 level. At the end of trading, the Bombay Stock Exchange (BSE) major index Sensex closed down 768.87 points, or 1.40 per cent, at 54,333.81 level. On the other hand, the Nifty of the National Stock Exchange (NSE) fell 252.60 points, or 1.53 percent, to close at 16,245.40.

Titan Company, Maruti Suzuki, Asian Paints, Hero MotoCorp and Tata Motors were the top losers of Nifty in Friday’s trade. While Dr Reddy’s Laboratories, ITC, Tech Mahindra, Sun Pharma and UltraTech Cement were the top gainers.

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Earlier on Thursday, the Sensex closed at 55,102.68, down 366.22 points, or 0.66 per cent, at the end of trading. On the other hand, Nifty closed at 16,498.05, down 107.90 points or 0.65 per cent.

NSE invites applications for the post of MD-CEO

It is noteworthy that NSE has invited applications for the post of Managing Director and Chief Executive Officer from candidates having experience of bringing IPOs before March 25. The tenure of the current MD and CEO Vikram Limaye is going to end in June. Limaye was appointed in July 2017 following the departure of Chitra Ramakrishna.

Sanjeev Kapoor appointed as CEO of Jet Airways

The Jalan Kalrock Consortium, the new promoter of Jet Airways, on Friday announced the appointment of Sanjeev Kapoor as the Chief Executive Officer (CEO). A few days back, the company had appointed former Sri Lankan Airlines CEO Vipul Gunathilak as CFO.

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Passenger vehicle sales fell 8% in February

Vehicle dealers’ body FADA said on Friday that the chip shortage continues to inflict production losses on companies, resulting in an 8 per cent decline in domestic passenger vehicle retail sales in February. Passenger vehicle sales fell 7.84 per cent last month to 2,38,096 units from 2,58,337 units in February 2021.

Tags: Nifty, Sensex, Share market

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