Sensex today | Stock Market Highlights: Sensex falls 456 points, Nifty slips as banking stocks drag markets lower
Sensex, Nifty, Share Prices Highlights: Indian equities snapped a two-day winning streak on Friday as heavy selling in banking and financial stocks, elevated crude oil prices and lingering geopolitical uncertainties outweighed positive corporate earnings, pushing benchmark indices lower despite gains in select technology and automobile shares.
On Friday, Indian benchmark indices closed lower as banking stocks dragged markets down. The Sensex fell 456 points to 78,499.17 and the Nifty declined 65.35 points to 24,570.65. Bajaj Finance and Bajaj Finserv were the biggest losers, while TCS, Mahindra & Mahindra, State Bank of India, and Tech Mahindra helped limit the downside.
Investors remained cautious due to concerns over the Strait of Hormuz, volatile crude oil prices, and potential regulatory changes for non-bank lending. Brent crude traded above $82 per barrel, and foreign institutional investors were net sellers. Asian markets ended mixed, with some countries down and others up. The Food Safety and Standards Authority of India imposed a penalty on AWL Agri Business Ltd for manufacturing a substandard fortified edible oil.
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- Saudi Aramco cuts Arab Light crude price to Asia for September hellenicshippingnews.com
- Nifty slides 90 points at noon; Bajaj Finance tanks 5%, IT stocks hold firm thehindubusinessline.com
