Sensex, Nifty track Wall Street’s drop, erasing previous day’s gains:US jobs data dampen investor sentiment; Asian shares drag

Indian equity benchmarks erased all the previous session’s gains to settle negatively on Friday, 21 November tracking the global sell-off triggered by overnight selling on Wall Street. The Sensex and Nifty shed 0.47% each to close at 85,231.92 points and 26,068.15 points, respectively. 19 out of 30 Sensex stocks closed on a negative note. Sectorally barring FMCG, all other major indices slipped in red at close. Ashish Singhal, Co-founder, CoinSwitch, says A mixed U.S. jobs report, the first released after the shutdown, showed September payrolls rising by 119K, above expectations, while the unemployment rate increased to 4.4%. The data adds uncertainty ahead of the Federal Reserve’s December rate-cut decision and keeps investors cautious. Asian markets bleed red; bears takeover Wall Street Foreign vs Domestic Investors Sensex gained 446 points on Thursday The stock market had seen an upward trend on Thursday. Sensex closed 446 points higher at 85,633. Nifty also surged 140 points, closing at 26,192.