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    Stock Market Updates: Sensex Falls Over 300 Points, Nifty Below 25,800; IT Stocks Under Pressure | Markets News

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    Indian equity benchmark indices, Sensex & Nifty, started on a weak note on Friday, mirroring the sharp sell-off seen in global markets

    Sensex

    Sensex

    Indian equity markets opened lower on Friday, pressured by a sharp sell-off across Asian markets and a weak handover from Wall Street. Domestically, investors are keeping an eye on the Bihar Assembly Election results and October’s wholesale inflation data.

    The BSE Sensex is at 84,209, down 270 points or 0.32 per cent, while the Nifty50 is at 25,796, falling 84 points by 0.32 per cent. The indices had hit intraday lows of 84,043 and 25,766, respectively, in opening deals.

    In the broader market, the Nifty MidCap index inched up 0.03 per cent, while the Nifty SmallCap index was largely unchanged.

    Global Cues

    Across Asia, markets slipped in early trade after Wall Street closed sharply lower, with technology stocks facing renewed pressure amid uncertainty over potential Federal Reserve rate cuts. Japan’s Nikkei 225 was down 1.5 per cent, South Korea’s KOSPI dropped 2.03 per cent and Hong Kong’s Hang Seng declined 1.23 per cent.

    In the US, major indices tumbled on Thursday as AI-linked stocks dragged the broader market amid ongoing valuation concerns. The S&P 500 fell 1.7 per cent, the Nasdaq Composite dropped 2.3 per cent and the Dow Jones Industrial Average declined 1.7 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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