Stock market update: Sensex fell 1176 points, Nifty 23,621
The last day of the trading week saw stock market close in the red with a huge decline. The Sensex on the BSE closed at 78,041.59, down 1176 points. At the same time, the Nifty on the NSE closed at 23,621.85, down 1.38 per cent.
During today’s trading, shares of Dr. Reddy’s Labs, Apollo Hospitals, Hindalco Industries, Asian Paints and Titan Company were included in the list of top gainers. While shares of Tech Mahindra, Axis Bank, TCS, IndusInd Bank, M&M were included in the list of top losers.
In the previous session, both the Nifty and BSE Sensex fell 1 per cent after the US Fed announced a rate cut of 25 basis points, but projected only two rate cuts in 2025, half of the cuts expected by policymakers in September.
Among Sensex stocks, Axis Bank, L&T, UltraTech Cement, ITC, JSW Steel and Tata Steel opened lower, while NTPC, TCS, Bajaj Finance, Asian Paints and Bharti Airtel saw gains.
Indian IT companies such as TCS, Infosys and Wipro rose up to 1 per cent after positive results from sector leader Accenture, which surpassed its first quarter profit and revenue forecasts.
Market opened in the red
On the last day of the trading week, the stock market opened in the red with a decline. The Sensex on the BSE opened with a decline of 181 points at 79,036.33. At the same time, the Nifty on the NSE opened with a decline of 0.19 percent at 23,906.40.
