Indian benchmark indices opened lower on Friday, with Sensex down over 199 points and Nifty50 down 66 points. This follows a downward trend influenced by investors’ cautious approach towards the US Fed reserve’s policy decision and the release of disappointing second-quarter results.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday. While BSE Sensex declined over 378 points, Nifty50 was near 24,124.10 with a 0.29
per cent decline. At 9:28 AM, BSE Sensex was trading at 79,342.52, down 199.27 points or 0.25 per cent. Nifty50 was at 24,090.30, down 66 points or 0.27 per cent.
At 10:05 AM, BSE Sensex was trading at 79,49.21, down 51 points or 0.065 per cent. Nifty50 was at 24,169.00, down 30 points or 0.13 per cent.
On Thursday, the benchmark Sensex dropped by 836 points or 1.04 per cent as investors adopted a cautious stance ahead of the US Fed reserve’s policy decision, trading majorly in banking and auto stocks.
The BSE Sensex settled at 79,541.79 after it tumbled 958.79 points or 1.19 per cent to 79,419.34 during the day. The dip in the 30-share Sensex pack was attributed to Tata Motors, Tech Mahindra, UltraTech Cement, JSW Steel, Sun Pharma, Asian Paints, IndusInd Bank and ICICI Bank who emerged as major losers.
Source Link: Stock market today: BSE Sensex soars by 160 points; Nifty50 near 24,169 - Times of India