Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: On Friday, the NSE Nifty 50 and BSE Sensex closed in the red, extending the worldwide slump. The Nifty 50 settled below 19,300, down more than 100 points, while the Sensex fell below 65,000. The broader markets and sectoral indices finished down. The Nifty Next 50 fell 1%, while the midcap and smallcap indices finished in the red. Bank Nifty fell 0.75%, while Nifty PSU Bank, Nifty Pharma, Nifty Metal, and Nifty FMCG all fell 1%.
MSCI’s broadest index of Asia-Pacific shares outside Japan closed 1.5% higher, also lifted by Nvidia’s bullish outlook. Still, the index is down about 8% so far this month due to weakness in China’s economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile. China stocks also rebounded on Thursday, however, with the blue-chip CSI300 index advancing 0.7%.
The three major U.S. stock indexes ended down more than 1% each on Thursday, led by a drop in the Nasdaq after this week’s sharp gains and as investors were nervous ahead of Federal Reserve Chair Jerome Powell’s speech Friday, according to Reuters. The Dow Jones Industrial Average fell 1.1%, the S&P 500 decreased by 1.4%, and the Nasdaq Composite dropped 1.9%.
Source:FE
