Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices traded on a negative note in the intra-day trading session on Friday. Sensex plunged more than 600 points before finally settling at 77, 209, down by 269 points. Similarly, Nifty50 went below the 23,450 mark before settling the day at 23, 501 at NSE.
The Nifty Midcap 100 index also faced a slight decline, closing 99 points or 0.18% lower at 55,375.30.
Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Wipro, Power Grid, Reliance and Bharti Airtel were among the top gainers.
Axis bank, Kotak Mahindra Bank, Sun Pharma and HDFC Bank were among the companies that lagged behind.
The BSE midcap index experienced a slight decline of 0.2 percent in today’s trading session. On the other hand, the smallcap index managed to eke out a modest gain of 0.2 percent.
Sensex and Nifty started on a positive note in the opening session, as the NSE Nifty 50 reached a new record high, surging 0.25% to 23,627.10. Meanwhile, the BSE Sensex also witnessed a strong start, climbing 200 points or 0.23% to reach 77,650.48 by 9.15 am.
BSE 30 surged by 329.52 points in early trading, reaching its all time high at 77,808.45, and increased by 1,022.34 points or 1.3% over the past six trading days.
NSE Nifty also reached a new closing high, increasing by 51 points or 0.22% to settle at 23,567. During the trading session, it reached an intraday high of 23,624, gaining 108 points or 0.45%.
Asian markets followed the weak global cues, with several major indices experiencing declines. Hong Kong, Shanghai, Seoul, Wellington, Taipei, and Manila all down. However, Singapore, Sydney, and Jakarta managed to edge higher, while Tokyo remained flat.
US stock markets concluded the trading session on Thursday with mixed results. Nvidia faced a loss of 3.5%, down turning the company’s impressive eight-week winning streak in jeopardy. S&P 500 and Nasdaq fell.
The BSE Sensex extended its winning streak to the sixth consecutive session on Thursday, rising 141.34 points or 0.18% to close at a new record high of 77,478.9. The index experienced an intraday high of 77,643.09, gaining 305.5 points or 0.39%.