Business: The local stock market had fallen for the second consecutive day last Friday. This happened amid selling in shares of private banks and weakness in global markets. The Sensex had fallen by about 466 points. At the same time, Nifty had slipped 156 points. The 30-share Sensex of BSE closed at 83,938.71 points, down 465.75 points or 0.55 percent. At one time during trading it had fallen by 498.8 points to 83,905.66 points. There was a decline in 25 shares and rise in five shares. The 50-share Nifty of the National Stock Exchange (NSE) fell 155.75 points or 0.60 per cent to 25,722.10.

Among the Sensex companies, Eternal, NTPC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finserv, Power Grid, Trent and HDFC Bank had declined significantly. However, Bharat Electronics, Larsen & Toubro, Tata Consultancy Services, ITC and State Bank of India closed with gains.

Buying is visible in these shares
The stocks which are seeing strong buying include Navin Fluorine, Chennai Petro, Intellect Design, IDBI Bank, Latent View Analytics, Inventurus Knowledge and Union Bank India. These shares have crossed their 52 week high level. This indicates bullishness in these stocks.