Indian Market: Sensex ends negative at 31,097.73 pts

The nifty of national stock exchange too eased by 5.90 pts to 9,136.85.The nifty registered days high and low at 9,182.40 and 9,050 respectively.
High volatility was witnessed during the day.

Slumping by 885 pts on Thursday, though the sensex opened higher by 174 pts to 31,296.28, it immediately went in red. Erasing gains of early trade, it dropped nearly 352 pts to 30,770.48, days low.

In last hour, it was recovered from days low but ended negative only at 31,097.73, easing by 25.16 pts from its previous close.

The sectoral indices like Realty, Bankex, Auto, IT and Finance kept the market weak for another day today.

In scrips, M&M, Axis Bank, Indusind bank, HeroMoto corp and Sun Pharma declined today.

The mid cap fell by 0.31 pc and small cap by 0.16 pc.

In a pack of 30 scrips, 20 declined and 10 advanced.

Though the Asian stocks rose on Friday but ended week lower as deteriorating US-China relations add to uncertainties over how fast economies can recover as they start to emerge from lockdowns.

Worries about confrontations between the two largest economies in the world eclipsed Chinese economic data, which showed its economy is gradually recovering from the shock of the coronavirus outbreak.

Japan's Nikkei rose 0.6 per cent while mainland Chinese shares were mixed.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent but down about 1 per cent so far this week. In commodities, oil prices jumped more than 3 per cent, touching more than one-month highs.