Business News Live: Stock Market In Red, Sensex Down 432 Points, Nifty Around 22,000

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Indian indices commenced trading on a negative note on Friday, with the Nifty hovering around 22,000 points amidst subdued global cues. At 10 am, the Sensex experienced a decline of 470.22 points or 0.64 per cent, closing at 72,627.06, while the Nifty decreased by 161.50 points or 0.73 per cent, ending at 21,985.20. Among the stocks traded, 1343 shares advanced, 1695 shares declined, and 90 shares remained unchanged.

In the previous trading session on Thursday, the two primary equity indices, Sensex and Nifty, rebounded, driven by increases in index heavyweights Bharti Airtel, Larsen & Toubro, and IT stocks. The BSE Sensex surged by 335 points to conclude at 73,097, while the NSE Nifty50 settled at 22,151, marking a gain of 153 points.