- The stock market indices had violent ups and downs all day on Thursday.
- The Nifty fell 68.10 points or 0.34 percent to 19,674.25, while the S&P BSE Sensex dropped 221 points.
- Asian markets were split on Friday, with Shanghai and Hong Kong in the green and Seoul and Tokyo in the red.
The stock market indices had violent ups and downs all day on Thursday, with the Sensex and Nifty closing in the red for the fourth straight day.
The inclusion of Indian government bonds in JP Morgan’s Emerging Market index, according to analysts, helped the country weather a period of bad global sentiment. The Nifty fell 68.10 points or 0.34 percent to 19,674.25, while the S&P BSE Sensex dropped 221 points or 0.33 percent to 66,009.15.
Stock market
On the 30-share platform, Wipro, HDFC Bank, UltraTech Cement, PowerGrid, and Sun Pharma were among the biggest losers, while IndusInd Bank, Maruti Suzuki, SBI, Mahindra & Mahindra, and Bajaj Finserv were among the biggest winners.
The BSE MidCap and SmallCap indices closed on a mixed note in the border market, losing 0.17 and gaining 0.06 percent, respectively.
The inclusion of Indian bonds in JPMorgan’s Emerging Market index increased their bond portfolios, resulting in a 3.5% increase in the Nifty PSU Bank index. The other major gainer was the Nifty Auto index, which increased by 0.21 percent.
Asian markets were split on Friday, with Shanghai and Hong Kong in the green and Seoul and Tokyo in the red. European markets mainly traded lower, and US markets ended Thursday’s trading day in the red. On Thursday, foreign institutional investors (FIIs) sold shares of stock worth Rs 3,007.36 crore.
