Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a lower note on August 05 on the back of a global sell-off. The BSE Sensex lost more than 2200 points, or 2.73%, to end the day at 78,774. The NSE Nifty 50 finished at 24,050, down 668 points (2.70%). The Bank Nifty closed 2.5% down, or 1,294 points, at 50,056, testing the psychological milestone of 50,000. Similarly, the Nifty Midcap 100 closed more than 2100 points, or 3.64% lower at 55,804.
Share Market updates:
The NSE Nifty 50 closed 2.70% lower at 24,050, while the BSE Sensex closed 2.73% lower at 78,774.
HUL, Britannia, Nestle India, HDFC Life Insurance, and Tata Consumer Products were the top gainers in the Nifty 50. While Tata Motors, ONGC, Adani Ports and SEZ, Tata Steel, and Hindalco were the major losers in the Nifty 50 on August 05.
All constituents of Bank Nifty are in red. HDFC Bank, ICICI Bank, and SBI were the top draggers of the Bank Nifty.
Courtesy: NSE
Britannia Industries, Hindustan Unilever, and Nestle India are the top gainers on the NSE Nifty 5o index whereas the top laggards include ONGC, Adani Ports, Tata Motors, Tata Steel, and State Bank Of India.
The benchmark Indian equity indices, BSE Sensex and Nifty 50, both fell by approximately 3% on Monday. Concurrently, the Indian rupee declined to an all-time low amid concerns about a sharp slowdown in the United States, which likely spurred outflows from local equities during a global stocks sell-off.
The rupee hit a record low of 83.82 against the U.S. dollar, and as of 11:20 AM, it was last quoted at 83.8125, down about 0.1% from its previous close of 83.75 on Friday.
The Nifty 50 was down 725 points or 2.93% at 23,993, while the Sensex was down 2,424 points or 2.99% at 78,558.
The NSE Nifty 50 opened 1.60% or 400 points lower at 24,322, while the BSE Sensex opened 1.55% or 1,260 points lower at 79,723.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down 0.03% to 103.19.
Shares in the Asia-Pacific region are trading in negative territory on Monday morning. The Asia Dow is down by 6.89%, Japan’s Nikkei 225 is down by 5.64%, South Korea’s KOSPI index has declined by 3.77%, and the benchmark Chinese index, the Shanghai Composite, ended down by 0.92%.
U.S. stocks sold off for a second consecutive session on Friday, with the Nasdaq Composite confirming it was in correction territory following a soft jobs report that fueled recession fears, according to Returns. The tech-heavy Nasdaq Composite dropped 417.99 points, or 2.43%, closing at 16,776.16. The S&P 500 fell 100.12 points, or 1.84%, to 5,346.56, while the Dow Jones Industrial Average decreased by 610.71 points, or 1.51%, ending at 39,737.26.
