Business

Sensex And Nifty Falls By 1% As US Inflation Statistics Play Spoilsport

Benchmark equity indices Sensex and Nifty dropped by 1 percent on Friday as investors took profits following a recent record-breaking run amid weak Asian markets trend.

The 30-share BSE Sensex dipped 793.25 points or 1.06 percent to 74,244.90. During the day, it plummeted 848.84 points or 1.13 percent to 74,189.31.

The NSE Nifty sank 234.40 points or 1.03 percent to 22,519.40.

Sun Pharmaceutical, Adani Power, Maruti Suzuki, Zydus, Interglobe Aviation, Ambuja Cements, Varun Beverages, Power Grid Corp, and Titan were the top laggards.

Among the gainers were IRCTC, Vedanta, Bharat Electronics, HAL, ABB India, Samvardhana Motherson, and Tata Power.

In Asian markets, Tokyo ended higher, while Shanghai, South Korea, and Hong Kong concluded lower.

European markets were trading in green.

Wall Street finished mainly up on Thursday.

Brent crude gained 0.95 percent to USD 90.26 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 2,778.17 crore on Wednesday.

On Wednesday, equity benchmark indices had a record-breaking rally, the Sensex soared 354.45 points or 0.47 percent to 75,038.15, while the Nifty moved 111.05 points or 0.49 percent to 22,753.80.

Stock markets were closed on Thursday in observance of Eid-Ul-Fitr.

Also read: China Demands US To Take Constructive Role In Middle East

Spriha Rai

Recent Posts

Centre Disburses Rs 1,162 Crore Under Telecom PLI Scheme

The Central government has disbursed ₹1,162 crore under the Telecom PLI Scheme till 31 March,…

20 mins ago

UAE Expands Visa-On-Arrival Policy For Indian Citizens To Boost Bilateral Ties

Under the revised rules, Indian passport holders with valid residence permits from Australia, Canada, Japan,…

2 hours ago

India’s Flavours, Culture & Heritage To Grace New York At ‘NMACC India Weekend’

India is all set to bring its essence of aroma, taste, and culture to the…

3 hours ago

Home Minister Amit Shah Rules Out Talks With Maoists Holding Weapons

Union Home Minister Amit Shah reaffirmed the Centre’s commitment to end Naxalism by 31 March…

3 hours ago

Gold, Silver Prices Fall Sharply This Week; Global Trends, Geopolitical Easing Behind Dip

There is some relief for buyers as gold and silver prices dropped notably this week.…

4 hours ago

Ethanol Blending Boosts Farmers’ Income, Saves Rs 1.36 Lakh Crore In Forex: Hardeep Puri

India’s ethanol blending programme has reduced the country's dependence on crude oil imports and increased…

5 hours ago