Weak global cues last week put pressure on stock markets

Last week, Indian stock markets were under pressure amid weak global cues. With this, the five-week gallop race of Sensex and Nifty appeared to be restrained. Last week, the Sensex closed at 58,765.58, down 1,282.89 points. On the other hand, Nifty closed at 17,532 with a fall of 321.2 points. If we look at the five trading sessions of the stock markets of the last week, on the first trading day of the week, the Bombay Stock Exchange’s major index Sensex opened up 244.48 points at 60292.95 and closed at 60,077.88 with a gain of 29.41 points.

On the other hand, the Nifty of the National Stock Exchange opened at 17921.70 with a gain of 68.50 points and closed at 17,855.10 with a gain of 1.90 points. On Tuesday, the Sensex opened at 60103.17 with a gain of 25.29 points and closed at 59,667.60, down 410.28 points. Nifty opened at 17872.20 with a gain of 17.10 points and closed at 17,748.60, down 106.50 points.

On Wednesday, the Sensex opened 449.72 points lower at 59,217.88 and closed 254.33 points lower at 59,413.27. Nifty opened with a decline of 121.80 points at 17,626.80 and closed at 17,711.30, down 37.30 points. On Thursday, the Sensex opened at 59,456.56 with a gain of 43.29 points and closed at 59,126.36, down 286.91 points. Nifty opened marginally higher at 17,719.40 with a gain of 8.10 points and closed at 17,618.15, down 93.15 points. On Friday, the Sensex opened at 58,750, down 370 points and closed at 58,765.58, down 360.78 points. Nifty opened 100 points lower at 17,510 and closed 86.10 points lower at 17,532.05.