Break on the boom in the stock market, Sensex drops 262 points, Nifty also down, these stocks shocked
The stock market declined on Friday after the rise of six consecutive sessions. The major benchmark index opened in red mark due to pressure in IT and banking shares in early trade. According to PTI news, the BSE Sensex declined by 262.05 points, leading to it to 81,738.66. Similarly, NSE Nifty broke 81.55 points to trading at 25,002.20.
Top Loser and Top Gaanner Stocks
In early trade, shares like HCL Tech, Asian Paints, Tech Mahindra, ICICI Bank, HDFC Bank, ITC, TCS and NTPC were prominently damaged among the Sensex companies. On the other hand, shares of India Electronics, Mahindra & Mahindra, Bajaj Finance and L&T saw a boom.
Market expert opinion
Chief Investment Strategist V.K. Vijaykumar said that the tariffs imposed by Trump will keep pressure in the market, which may stop the recent boom. Now investors are eyeing the US Jackson Hole Simposium, where everyone’s eyes are on the statement of Federal Reserve Chairman Geom Powell. Till Thursday, the Sensex had risen 1,765 points or 2.14% in the market up six days, while the Nifty had a gain of 596 points or 2.4%.
How is the stand in Asian market
A mixed trend was observed on Friday in Asian markets. South Korea’s Kospi, Shanghai’s SSE Composite and Hong Kong’s Hangseng were trading in the green mark, while Japan’s Nikkei was in a 225 decline. The US stock markets closed on Thursday. According to exchange data, foreign institutional investors (FIIs) on Thursday bought equity of Rs 1,246.51 crore. There was also a slight decline in oil prices. Brent crude fell 0.18% to $ 67.56 a barrel. Let me tell you, on Thursday, the Sensex rose by 142.87 points or 0.17% to close at 82,000.71, while the Nifty rose 33.20 points or 0.13% to close at 25,083.75.
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