Stock Market Today: Indices finish a tad decrease; Sensex slips 31 factors amid weak world cues

Market Today, Sensex, Nifty Share Prices Updates: The frontline fairness indices on the BSE and National Stock Exchange (NSE) trimmed a few of their intraday losses and ended with marginal cuts on Friday amid weak spot within the world market.

The S&P BSE Sensex slipped 30.81 factors (0.05 per cent) to finish at 58,191.29 whereas the Nifty 50 declined 17.15 factors (0.10 per cent) to settle at 17,314.65. Both the indices had opened decrease earlier within the day and slipped as a lot as 0.66 per cent with the Sensex touching a low of 57,851.15 and the broader Nifty dipping to 17,216.95.

On the Sensex pack, Mahindra & Mahindra (M&M), UltraTech Cement, State Bank of India (SBI), Tata Consultancy Services (TCS), Bajaj Finance and ITC have been the highest losers of the day whereas Titan Company, Power Grid Corporation of India, IndusInd Bank, NTPC, Maruti Suzuki India and Bharti Airtel have been the highest gainers.

Among sectors, Nifty IT index fell 0.70 per cent, Nifty Oil & Gas declined 0.72 per cent and Nifty FMCG slipped 0.64 per cent. On the opposite hand, Nifty Consumer Durables rose 1.32 per cent and Nifty Media inched 0.38 per cent.

In the broader market, the S&P BSE MidCap index fell 39.28 factors (0.15 per cent) to finish at 25,384.80 whereas the S&P BSE SmallCap rose 86.77 factors (0.30 per cent) to settle at 29,182.93.

Global Markets (from Reuters)

Stocks eased on Friday as Federal Reserve officers talked up the probability of extra hefty US rate of interest hikes, although battered Credit Suisse Group rose after saying a $3 billion bond buyback to regular buyers nerves.

Worries over the worldwide economic system deepened after chipmakers Samsung and AMD flagged a hunch in demand, blaming inflation, greater rates of interest and the affect of Russia’s invasion of Ukraine. European chipmakers Infineon, STMicroelectronics and ASML fell in tandem.

In Europe, the STOXX index of 600 main firms was down 0.2 per cent, however nonetheless heading for its largest weekly achieve since late July. It is down about 19 per cent for the yr.

The MSCI All Country inventory index fell 0.3 per cent, leaving it down about 24 per cent for the yr thus far.

In Asia, Japan’s Nikkei dropped 0.7 per cent, whereas South Korea’s Kospi slipped 0.2 per cent, weighed partly by a decline in Samsung shares. Hong Kong’s Hang Seng was 1.4 per cent decrease, with its tech shares tumbling 3 per cent. Mainland Chinese shares stay closed for the ultimate day of the Golden Week vacation.