Stock Market
Red start for Dalal Street! Sensex sinks while Nifty manages to stay above 26,100
Mumbai/IBNS: BSE Sensex slipped by 200 points while NSE Nifty 50 managed to stay just over 26,100 in the early trading of stock market on Friday.
Sensex slipped to 85,347.40 tracking the sharp fall of US indices.
In the opening trading, Nifty slipped 75.25 points to 26,109.55.
Nifty traded at 26,192.15 at the closing on Thursday.
Tata Steel, ICICI Bank, Bajaj Finance, Adani Ports were among the laggers this morning.
In the broader market, Nifty MidCap index tanked 0.39% while Nifty SmallCap index dipped 0.27%.
All major sectoral indices including metal were trading lower.
Market guru Anil Singhvi on Zee Business decoded the reasons behind the sharp fall in the US market.
Singhvi listed the reasons, heavy selling in AI stocks at higher levels despite Nvidia’s strong results, strong U.S. employment data added to uncertainty and Dollar Index staying above 100 created pressure on equities, commodities and currencies, the broadcaster reported.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
