Sensex Closes 467 Points Lower, Nifty At 25,722; PSBs Outperform | Markets News


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Indian equities opened lower on Friday, even as broader Asian markets traded firm, pressured by weakness in financial, IT, and metal stocks

Sensex Today

Sensex Today

The Indian benchmark indices closed lower on Friday, extending their losing streak as broad-based selling weighed on sentiment. The BSE Sensex declined 466.75 points, or 0.55%, to finish at 83,938.71, while the NSE Nifty50 fell 155.75 points, or 0.60%, to 25,722.10.

Except for BEL, Larsen & Toubro, TCS, ITC, and SBI, all Sensex constituents ended in the red. Eternal, NTPC, Kotak Mahindra Bank, Bajaj Finserv, ICICI Bank, and HDFC Bank were among the top drags, slipping up to 3.45%.

Weakness extended to broader markets, with the Nifty Midcap 100 and Nifty Smallcap 100 down 0.45% and 0.48%, respectively.

Only Nifty PSU Bank (up 1.5%) and Nifty Oil & Gas (up 0.07%) managed to hold firm. Nifty Metal and Media faced the steepest losses, each falling over 11%.

Market breadth remained weak: out of 3,181 NSE-listed stocks, 1,806 declined, 1,266 advanced and 109 were unchanged.

Global cues

Asian markets opened mostly higher on Friday as investors welcomed signs of reduced friction between Washington and Beijing. The positive mood followed a meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea on Thursday, where both leaders reportedly agreed to a limited trade truce. The understanding helped cool tensions over rare-earth exports, which recently sparked fears of a sharper trade confrontation between the world’s two largest economies.

Japan’s Nikkei climbed over 1 per cent to a fresh record high, while the Topix advanced 0.79 per cent, also scaling a new peak. In South Korea, the Kospi dipped 0.19 per cent after touching a record high in the previous session, whereas the Kosdaq rose 0.47 per cent. Australia’s ASX 200 opened 0.45 per cent higher.

On Wall Street, major US indices closed lower overnight as investors assessed mixed quarterly results from Big Tech companies. The S&P 500 declined 0.99 per cent, the Nasdaq Composite dropped 1.58 per cent, and the Dow Jones Industrial Average slipped 0.23 per cent.

Aparna Deb

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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