Business

Markets End Five-Day Rally As Sensex Drops More Than 600 Points

Sensex and Nifty fell on Friday after a five-day rally as investors pared exposure to banking, financial, and consumer durable firms amid mixed trends in global markets.

The 30-share BSE Sensex plummeted 609.28 points or 0.82 percent to 73,730.16. During the day, it dropped 722.79 points or 0.97 percent to 73,616.65.

The NSE Nifty slid 150.40 points or 0.67 percent to 22,419.95.

Bajaj Finance, Bajaj Finserv, Induslnd Bank, Nestle India, Mahindra & Mahindra, Avenue Supermarts, and Kotak Mahindra Bank were the top laggards.

Among the gainers were Tech Mahindra, IRFC, Havells India, Divi’s Labs, Vedanta, LTIMindtree, Interglobe Aviation, Samvardhana Motherson, and Bajaj Auto.

In Asian markets, Shanghai, Tokyo, South Korea, Hong Kong, Taiwan, and Malaysia all finished higher.

European stocks were trading higher.

US markets concluded lower on Thursday.

Brent crude gained 0.31 percent to USD 89.29 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 2,823.33 crore on Thursday.

On Thursday, The Sensex jumped 486.50 points or 0.66 percent to 74,339.44, while the Nifty moved 167.95 points or 0.75 percent to 22,570.35.

Also read: Xi Says United States And China Should Be Partners, Not Rivals

Spriha Rai

Recent Posts

Flood Alert In PoK’s Muzaffarabad After Alleged Jhelum Water Release

A flood alert was issued across Muzaffarabad on Saturday after locals reported a sudden rise…

31 mins ago

Zelensky, Trump Hold Talks In Rome Ahead Of Pope’s Funeral; Discuss Ceasefire & Peace

US President Donald Trump and Ukrainian President Volodymyr Zelensky met in Rome on Saturday ahead…

1 hour ago

Pahalgam Terror Attack: Ishan Educational Institutions Organises Protest Against Terrorism

Ishan Educational Institutions, Greater Noida, today organised a peaceful protest march condemning the recent terror…

2 hours ago

Complete Ban On Drone Flights Over Noida International Airport ‘Red Zone’

Authorities have imposed a complete ban on the operation of drones and UAVs over and…

3 hours ago

Pak Army Chief Munir Revives Two-Nation Theory Amid Tensions With India

Pakistan Army Chief General Syed Asim Munir reignited controversy on Saturday by invoking the two-nation…

3 hours ago

Pope Francis Funeral: President Murmu & PM Modi Pay Final Tributes

Pope Francis, the first Latin American pontiff, was laid to rest in a humble ceremony…

4 hours ago