Sensex and Nifty fall by 0.6% on Friday, led by declines in banking, IT stocks. The benchmarks end the week with their worst losing streak in six months, as weak earnings weigh on investor sentiment
The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27
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Indian markets fell amid renewed concerns over US trade policy after President Trump's 35% tariff announcement, with heavyweights like HDFC Bank, RIL, and TCS accounting for most of the losses
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These business giants have been part of the index since 1986 due to their resilience and reinvention
Since April, the Nifty 50 and Sensex have surged nearly 17% from their lows, riding one of the strongest rallies we’ve seen this year.
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All the major sectoral indices were trading higher, led by the PSU Bank index up over 2 per cent
The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent
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The majority of sectors, barring Nifty Auto and Consumer Durables, were trading lower on Wednesday
Nifty Auto, Bank, Energy, FMCG, Metal, Consumer Durables and Oil & Gas were also trading under pressure
Indian equity benchmarks were trading higher on Monday led by gains in the heavyweight IT stocks including TCS, Tech Mahindra and HCL Tech
The shares of BSE on the National Stock Exchange (NSE) were put under stage 1 of long-term additional surveillance measures
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The Sensex closed at 82,189, up 747 points (0.9 per cent), while the Nifty 50 index settled at 25,003, gaining 252 points
Asian shares were mostly higher Friday ahead of an update on the US job market that will offer insights into how the economy is faring. US futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The US Labor Department is due to report how many more jobs US employers created than destroyed during May. The expectation on Wall Street is for a