TIWN
Mumbai, Dec 25 (TIWN) Rising domestic Omicron cases subdued India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- during Friday's late-after trade session. Besides, the continuous selling by FIIs also dampened investors' sentiment.
Globally, Asian stocks were mixed after failing to harness a tailwind from the US. On the domestic front, volumes in the traditional holiday period remained low. Among sectors Realty, Power, Oil & Gas, Capital Goods, Banks and Auto indices have lost the most whereas IT and FMCG index have gained the most. Consequently, at 2.40 p.m., the S&P BSE Sensex traded at 57,268.18 points, inched down by 0.082 per cent from its previous close. Similarly, the broader 50-scrip Nifty at the National Stock Exchange (NSE) rose to 17,051.20 points, down 0.13 per cent from its previous close. "Nifty is still flat vis a vis last week after seeing losses initially and then a rise during the week," said Deepak Jasani, Head of Retail Research, HDFC Securities. According to Gaurav Garg, Head of Research, CapitalVia Global Research: "Despite positive sentiments from other Asian markets, the Indian equity shares trading low as Omicron cases in India recorded more than double from last week."
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