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Red mark closes on market, shares of Banks fall

The last trading day of the week after the two-day Close, the Sensex was on a red mark. The Sensex on Friday arrived at 35,871.48 points with a loss of 26.87 points while Nifty closed at 10,791.65 points with a slight edge of 1.80 points or 0.01 per cent. In the day trading, the Sensex touched the upper and lower levels of 35,795.79, while the nifty was at a lower level of 10,801.55 upper and 10,758.40. Earlier, the Sensex opened at a level of 35,906 with a slight edge of 8 points, and the nifty began to open at 10,782.70.

The stock of banking sector was seen to be declining during the business. In the Sensex, the shares of Kotak Bank fell to 3.71 per cent. While shares of Reliance Industries, HDFC Bank, Bajaj Finance, Powergrid, Indusind Bank, Asian Paints, HDFC and ITC also remained in disadvantage. The stocks in which they were bullish are at the forefront. The shares of Yes Bank climbed 3.23 per cent.  While the shares of Vedanta, Tata Motors, NTPC, Mahindra & Mahindra, Maruti, ONGC and Hero Motocorp gained an edge of 2.86 per cent.

The BSE MidCap and SmallCap indices were booming during the business. The BSE MidCap index closed at 14,169.74 with a speed of 54.09 points, with the same SmallCap index running at 13,517.71 with a 103.54-digit spurt.

Due to decline in banking sector shares

According to the traders, the RBI has expressed concern over the increase in the details of the policy meeting after which the shares of banks have been slippery. In fact, despite the positive global trend, the details of the RBI's policy review were weakened after the investor's perception came to a decline, with the drop in crude oil prices and foreign capital withdrawals, the rupee increased by 2 paise to Rs 71.22 per dollar on Friday. 

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