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Indian equities opened on a subdued note on Friday, tracking mixed global signals
Sensex Today
Sensex Today: Indian equities retreated on Friday, breaking a six-day winning streak. The BSE Sensex slipped 246 points, or 0.30 per cent, to 81,754 after a weak start, while the Nifty50 hovered near the 25,000 mark at 25,004, down 80 points or 0.32 per cent.
The cautious mood followed subdued global cues as investors awaited US Federal Reserve Chair Jerome Powell’s address at the Jackson Hole symposium later in the day.
In the broader market, the Nifty MidCap index gained 0.26 per cent, but the Nifty SmallCap index gave up early gains. Sector-wise, the Nifty Bank was down 0.3 per cent, Financial Services declined 0.37 per cent, and Metals shed 0.46 per cent. On the other hand, Media and Pharma stocks posted modest gains.
Global Cues
Asian markets were largely positive as investors look for cues on the Fed’s policy path. South Korea’s KOSPI gained 1.06 per cent, Japan’s Nikkei 225 edged up 0.13 per cent, and Hong Kong’s Hang Seng rose 0.33 per cent, while Australia’s ASX 200 slipped 0.11 per cent.
Overnight in the US, stocks ended lower ahead of Powell’s address. The S&P 500 dropped 0.4 per cent, the Nasdaq Composite slipped 0.34 per cent, and the Dow Jones Industrial Average fell 0.34 per cent.
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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