The Indian stock market witnessed a sharp decline on Friday, with concerns about the upcoming US job report being the primary reason for the downturn. This report is seen as... moreThe Indian stock market witnessed a sharp decline on Friday, with concerns about the upcoming US job report being the primary reason for the downturn. This report is seen as crucial for future interest rate cuts. By the end of the day, the Sensex dropped by 1,017 points (1.24%) to 81,183, and Nifty fell by 292 points (1.17%) to 24,852. The Bombay Stock Exchange (BSE) market cap decreased by ₹5.3 lakh crore, standing at ₹460.04 lakh crore. Major losers included SBI, ICICI Bank, Reliance, and others.
On the other hand, top gainers were Bajaj Finance, Asian Paints, and HUL. All indices closed in the red, with the FMCG Index facing the steepest fall.
Latest news in Hindi indicates that the Indian stock market remains vulnerable to global economic shifts, with US data playing a significant role in market movements. less