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Stock Market Updates: Sensex Down 300 Points, Nifty Below 25,850; HUL, HDFC Bank Top Drags

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Stock Market Today: Indian stock markets started Friday’s session on a negative note

Sensex Today

Sensex Today

Sensex Today: Indian benchmark indices traded lower on Friday, weighed down by reports that the US is considering a fresh probe against China regarding their 2020 trade deal. Rising crude oil prices, driven by US sanctions on Russia, further dented market sentiment.

By 12 PM, the Sensex was at 84,354.58, down 201.82 points or 0.24%, while the Nifty stood at 25,823.90, down 67.5 points or 0.26%.

On the Sensex, Hindustan Unilever (HUL), Kotak Bank, Axis Bank, Titan, Power Grid, ITC, Adani Ports, NTPC, Tech Mahindra, Eternal, and Maruti Suzuki were the top losers, falling up to 3.5%. On the upside, ICICI Bank, Tata Steel, Bharat Electronics (BEL), M&M, Bharti Airtel, HDFC Bank, and SBI led the gains.

Broader markets were muted, with the Nifty Midcap 100 down 0.05% and the Nifty Smallcap 100 sliding 0.18%.

Sector-wise, the Nifty Metal index led the rally with 1% gains, followed by the Nifty Realty index, up 0.5%. The Nifty FMCG index lagged, declining 1.16%.

Global Cues

Across Asia, markets traded higher after the White House confirmed that US President Donald Trump and Chinese President Xi Jinping will hold discussions next week during Trump’s Asia visit. Japan’s Nikkei 225 advanced 1.1%, Hong Kong’s Hang Seng rose 0.95%, and South Korea’s KOSPI gained 1.29%.

Overnight, US markets closed higher, led by gains in technology stocks following upbeat corporate earnings. The S&P 500 climbed 0.6%, the Nasdaq Composite surged 0.9%, and the Dow Jones Industrial Average added 0.3%.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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