Table of Contents
New Delhi: After touching a record high, the stock market has taken a bearish turn on Friday. On the last trading day of the previous week, both the Indian exchanges were trading in red. As global cues remain sluggish, Indian equity market open negative today. At 9:15 am, the BSE Sensex is trading below by 119 points and the Nifty 50 is down by 34.80 points to trade at 24817.35.
Top Gainers On NSE
- SBI Life Insurance Company Limited
- Tata Consumer Products Limited
- SHRIRAMFIN
- BRITANNIA
- ICICIBANK
Global Markets
Asian markets also slid as concerns over a potential economic slowdown in the US hit Wall Street, leading investors to seek safer assets. Japan’s Nikkei took the hardest hit, falling 2.4 per cent, pressured by a stronger yen that affected exporters. Last week, the Nikkei had already lost nearly 6 per cent.
The MSCI Asia-Pacific index, excluding Japan, slipped by 0.6 per cent, following a 2.25 per cent decline last week. Meanwhile, US futures for the S&P 500 and Nasdaq were also slightly lower after Friday's losses.
Stock Market On Last Trading Session
On Friday, major US indices closed sharply lower. The Dow Jones Industrial Average dropped 410.34 points, or 1.01 per cent, to 40,345.41. The S&P 500 fell by 94.99 points, or 1.73 per cent, to 5,408.42, and the Nasdaq Composite lost 436.83 points, or 2.55 per cent, closing at 16,690.83.
Stock Market Pre-Opening
In the pre-opening, the Sensex was down by 690.07 points, to trade at 80493.86 and Nifty was at 24746.10, down by 106.05 point from the previous closing.
GIFT Nifty Today
At 8: 59 am, the GIFT Nifty is trading 62 points or 0.25 per cent below at 24,865.0.