Mumbai: Equity Benchmark Indices Sensex and Nifty Extended Their Downward Trend to eighth day in a row on Friday as investors ‘Senns’ Senns Were Plagued Due to Persistent Fund OUTFLOLOS.
Markets began the trade on an optimistic note but only Gave UP Initial Gains and Fell in the Negative Territory.
The 30-Share BSE Benchmark Sensex Dropped 199.76 points or 0.26 per cent to settle at 75,939.21. During the day, it tanked 699.33 points or 0.91 per cent to 75,439.64.
The nse nifty declined 102.15 points or 0.44 per cent to 22,929.25.
In eight trading days, the bse benchmark has tumbled 2,644.6 points or 3.36 per cent, and the nifty slumped 810 points or 3.41 per cent.
From the 30-share blue-chip pack, adani ports dropped over 4 per cent. Ultratech Cement, Sun Pharma, Indusind Bank, NTPC and Tata Steel WHEEL WHEEL WHEEL WHEEL WHEEL WHEEL WHEEL WHEEL WHEEL WHEL
Nestle, ICICI Bank, Infosys, Tata Consultancy Services and HCL Tech Were Among the Gainers.
“The Risk-Aavrese Sentiment Continues to Rule Investors’ Minds as Corporate Earnings are Significantly Lower Than the Market Expectations the start of the year, especially for MID and SMALLL CAPS.
“MUTED EARNINGS TREND, INR Depreciation along with external factors like tarifs Vated until there is clarity on tariffs and a recovery in corporate earnings , “Vinod Nair, Head of Research, Geojit Financial Services, SAID.
In Asian Markets, Seoul, Shanghai and Hong Kong Settled Higher While Tokyo Ended Lower.
European markets were trading on a mixed note. Us markets ended Higher on Thursday.
India and the us has resolved to more than double the two-way trade to usd 500 billion by 2030 and begin talks for a bilateral trade agrement with a view to bringing down down duties and Increase MARKET ACECESSS.
According to a Joint Statement Issued after the meeting of Prime Minister Narendra Modi and Us President Donald Trump in Washington, The Two Leaders have also pledged the bilateral trade relates S Fairness, National Security and Job Creation.
“To this end, the leaders set a bold new goal for bilateral trade-Mission 500-Aiming to More Than Double Total Bilateral Trade to UsD 500 Billion By 2030. S, the Leaders Announced Plans to Negotiate The First Tranche of a Mutly Beneficial, Multi-Sector Bilateral Trade Agreement (Bta) by fall of 2025, “IT Said.
Foreign Institutional Investors (FIIS) Offloaded Equites Worth Rs 2,789.91 Crore on Thursday, According to Exchange Data.
Global Oil Benchmark Brent Crude Went Up by 0.55 per cent to usd 75.43 a Barrel.
The sensex dipped 32.11 points or 0.04 per cent to settle at 76,138.97 on Thursday. The nifty slipped 13.85 points or 0.06 per cent to 23,031.40.