The stock market has seen a huge decline on the last trading day of the week. Due to which investors lost about Rs 8 lakh crore. The market cap of BSE listed companies has come down from Rs 7.7 lakh crore to Rs 436.10 lakh crore. The Sensex was trading at 79,324.16, down 0.93 percent or 741 points. At the same time, Nifty50 was trading at 24,124.45, down 1.13 percent.
Performance of the Indian stock market today
- 9:15 AM Share Market – The stock market opened strongly on Friday, the last trading day of the week. The BSE’s 30-share sensitive index Sensex managed to open with a gain of 122 points at 80187. Whereas, NSE’s 50-share benchmark index Nifty started the day at 24418, up 18 points.
- 9:41 AM Share Market – Once again after a good start, the stock market has faltered on Friday, the last trading day of the week. Sensex has come down by 147 points to the level of 79909. Nifty has also fallen by 70 points to 24329. Today Indusind Bank has plunged by 15 percent.
- 10.46 AM Share Market – The condition of the stock market has worsened compared to the morning. Sensex is trading at 79,578.22 with a fall of 486.94 points or 0.61 percent. At the same time, Nifty50 is trading at 24,191.90 with a fall of 207.50 points. Indusind Bank shares were trading with a fall of more than 18 percent in Nifty.
- 11.53 Am Share Market – The stock market has slipped further. The Sensex was trading 688.45 points or 0.86 per cent lower at 79,376.71, while the Nifty50 was down 1.09 points or 265.80 per cent at 24,133.60.
Domestic equity benchmark indices, Sensex and Nifty50, are expected to open flat on Friday on the back of mixed global market cues. Asian markets traded mixed, while US stock market indices closed mostly higher overnight amid a drop in Treasury yields from three-month highs.
Indian stock market indices closed flat with a negative bias amid selloff in FMCG and realty stocks on Thursday. The Sensex closed 16.82 points or 0.02% lower at 80,065.16, while the Nifty50 closed 36.10 points or 0.15% lower at 24,399.40.
Market Conditions and Global Impact
Asian Markets: Asian markets were mixed on Friday ahead of Japan’s general election later in the week. Japan’s Nikkei 225 fell 0.52%, while the Topix fell 0.41%. South Korea’s Kospi rose 1%, and the Kosdaq gained 0.42%. Hong Kong’s Hang Seng index futures indicate a slightly weaker opening.
GIFT Nifty Today: GIFT Nifty was trading around 24,456 level, a premium of about 5 points over the previous close of Nifty futures. This indicates a flat opening for the Indian stock market indices.
Wall Street Update – U.S. stock markets ended mixed on Thursday. The Nasdaq went up 0.76% to 18,415.49, and the S&P 500 rose 0.21% to 5,809.86. Meanwhile, the Dow Jones fell 0.33%, closing at 42,374.36.
Tesla’s Big Jump – Tesla shares shot up almost 22%, their biggest one-day gain since 2013. Elon Musk predicted 20%-30% sales growth for next year and announced plans for a more affordable car by 2025. Tesla’s stock ended at $260.48, adding about $150 billion to its value.
Gold and Oil Prices – Gold stayed steady at $2,733.63 per ounce. Brent crude oil rose 0.6% to $74.83 per barrel, and U.S. crude also increased 0.6%, closing at $70.62 per barrel.
