The Indian stock market managed to remain close to the previous closing levels in the last trading session of the week amid weak signals from markets around the world. The performance of heavyweight stocks including Reliance Industries was important in today’s performance of domestic markets. Till the close of the domestic market, the Sensex and Nifty performed better in the Asian and European markets. In today’s trade, the Sensex lost 12 points to end at 38129 and the Nifty dropped 21 points to 11194.

China has ordered the closure of the US Consulate General in Changdu, a move China has taken in response to the US decision to close the Chinese Embassy in Houston. With this move, there is a fear in the market that both sides may once again get entangled in the trade war, so investors preferred to stay away from the rest of the market except for quality stocks. Being the last business day of the week, investors also avoided taking any level of risk in the market, in fact, given the tense atmosphere between the two superpowers, investors will now wait for the picture to become clearer in the next two holidays.

Today’s business is witnessing a sharp decline in European markets. At the closing of domestic markets, France’s CAC 40 fell 1.61 percent, Germany’s DAX fell 1.85 percent and the United Kingdom’s FTSE 100 lost 1.4 percent. China’s Shanghai Composite saw a decline of 3.86 percent, Hong Kong’s Hang Seng 2,21 percent, Taiwan’s TSEC 50 index 0.88 percent and Japan’s Nikkei 0.58 percent. Australian markets also declined by more than 1 per cent.

At the same time, the stock market in the domestic market continued. Investors continued their purchases in quality stocks as the rest of the signs improved. Reliance Industries also saw record boom today. The stock closed up 4.24 percent. On the other hand, HCL Tech closed at 4.73 per cent. Infosys has seen a growth of 1.32 percent. On the other hand, 23 stocks in the Sensex closed down. Banking and finance sector has suffered the most. 5 of the top 6 stocks with losses are from this sector. Axis Bank closed 3.32 per cent, SBI 3.23 per cent, ICICI Bank 2.66 per cent, ONGC 2 per cent, HDFC 1.8 per cent and Kotak Mahindra Bank down 1.71 per cent.