Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: On Friday, the BSE Sensex and NSE Nifty closed sharply lower. The Nifty closed at 17,412, down 1%, while the Sensex closed at 59,135, down more than 600 points. The Bank Nifty ended the day at 40,485.45, down 1.87%. Adani Enterprises, IndusInd Bank, HDFC Bank, HDFC, and ICICI Bank are the top losers on the NSE Nifty 50 index. Banking stocks fell amid weak global cues as Wall Street fell overnight, led by a rout in banking stocks caused by a 60% drop in Silicon Valley Bank’s shares.
Stocks in Asia-Pacific followed Wall Street’s cues, traded with deep cuts. Japan’s Nikkei 225 traded lower by 1.12%, and South Korea’s Kospi lost 0.90% in its first hour of trade. China’s Shanghai Composite and Shenzhen Component traded lower by 0.73% and 0.90%, respectively. Hong Kong’s Hang Seng index dropped 2.16%.
Wall Street tumbled sharply on Thursday, dragged by bank stocks and jitters ahead of Friday’s employment report. All three major indices slid up to 2.05%. The Dow Jones Industrial Average fell 1.66%, the S&P 500 lost 1.85% and the Nasdaq Composite dropped 2.05%.
Source:FE
