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Mumbai, 5 June. The domestic stock market witnessed a decline on Friday, the last day of the trading week, due to profit booking amid monetary policy announcements by the Reserve Bank of India (RBI). In this sequence, the benchmark index BSE Sensex fell by 117 points while NSE Nifty fell by 49.85 points.

In fact, in its monetary policy review, RBI announced reducing the economic growth estimate and increasing the inflation estimate, due to which the market remained in loss due to profit booking. Besides, withdrawal of foreign capital and weak trend in other markets of Asia also had an adverse impact on the domestic market.

Sensex closed at 74,243.34

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 116.67 points or 0.16 per cent to close at 74,243.34. During trading, the index made the day’s high at 74,717.57 and fell to 73,988.75 amid fluctuations of 728.82 points. Among Sensex companies, shares of 13 were in profit while 17 were in decline.

Nifty closed at 23,366.70

On the other hand, the 50-share sensitive index Nifty of the National Stock Exchange (NSE) closed at 23,366.70 with a decline of 49.85 points or 0.21 percent. Among Nifty companies, 23 stocks closed with gains while 27 stocks remained weak.

Trent’s stock fell the most by 2.21 percent

Among the companies included in the Sensex group, Trent’s stock declined the most by 2.21 percent. Tata Consultancy Services (TCS), Tata Steel, NTPC, HCL Tech and Bharti Airtel were also major losers. The profitable stocks include Hindustan Unilever, Axis Bank, Adani Ports and Bajaj Finance.

FIIs sold shares worth Rs 4,447.06 crore on Thursday

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,447.06 crore on Thursday. Meanwhile, global oil benchmark Brent crude fell 0.11 per cent to $94.93 per barrel.