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The shares of Tata Motors (+ 2.09%), Reliance Industries (1.41%), Tata Steel (0.83%), HDFC (0.69%) were among the few Senbad shares to close in the green. Highlights of the stock market: In a volatile session, observed Friday, the US stock Senbad, composed of 30 shares, closed down 340 points, mainly due to mbadive sales generated by heavyweight Yes Bank, Axis Bank and ITC. The Senbad closed the day at 33,349.31. The largest Nifty 50 held the 10,000 point mark after opening the day above 10,100 psychological points. Yes, Bank shares climbed up to 15% in one day and ended the day at Rs 181.20, down 8.4% from the previous close. The shares of Axis, IndusInd Bank and Kotak Mahindra banks lost up to 4.5% at closing.
Shares in Tata Motors (+ 2.09%), Reliance Industries (1.41%), Tata Steel (0.83%) and HDFC (0.69%) were among the few Senbad shares to close in the green. Shares of Equitas Holdings plunged more than 28% to the lowest of the day, Rs. 92.35, following RBI's letter to entities about the listing of small financial banks. Shares of ICICI Bank closed down 1.77% to Rs. 314.30, while second quarter results are expected to be announced later in the day. despite the weakness of the rupee and the negative tracks of the world markets. Notably the two key Senbad and Nifty indices recorded their second consecutive week of losses, losing 966.32 points, or about 3%, and 273.55 points, or 2.7%, respectively. The constant decline of the rupee, which depreciated to 73.45 (overnight) against the dollar, and the continued contraction of liquidity remain major factors of slowdown, said brokers at PTI. Most Asian markets slid to lows of several months and European equities fell sharply in the face of concerns over corporate profits and global growth. We bring you the strong points of today's business.
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