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Stock Market Updates: Sensex Falls 580 Points, Nifty Below 25,350; Airtel, HUL Among Top Drags


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The stock markets in India opened with steep losses note on Friday, in-line with the selling being witnessed in the Asia and US markets

Indian equity markets are expected to open lower on Friday

Sensex Today: The stock markets in India opened with steep losses note on Friday, in-line with the selling being witnessed in the Asia and US markets (overnight).

The BSE Sensex index started the trade around 82,805 levels, falling 506 points or 0.61 per cent, while the Nifty50 was at 25,363, down by 147 points or 0.58 per cent. Bharti Airtel (down over 3 per cent on block deal trade), HCL Tech, Wipro, JSW Steel, Tata Steel, TCS, Tata Consumer Products, and Adani Enterprises were the top losers on the Nifty today.

In the broader markets, the Nifty MidCap index slipped 0.46 per cent, while the Nifty SmallCap index shed 0.82 per cent.

Global Cues

Asian markets traded in the red on Friday, mirroring overnight losses on Wall Street amid persistent concerns about stretched valuations in artificial intelligence stocks. Japan’s Nikkei 225 fell 1.38%, South Korea’s Kospi slipped 0.46%, and Australia’s S&P/ASX 200 was down 0.27%.

Overnight in the US, all major indices closed lower as investors turned cautious over expensive valuations in the AI sector. The S&P 500 declined 1.12%, the Nasdaq Composite dropped 1.90%, and the Dow Jones Industrial Average lost 0.84%.

Aparna Deb

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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