Stock market chaos, Sensex closes down 793 points, Nifty closes at 22,519 – India TV Hindi

BSE mid-cap and small-cap indices were down 0.5 percent during the trading session.- India TV Paisa

Image: File BSE mid-cap and small-cap indices weakened by 0.5 percent during the trading session.

Amid weaker global cues, the last session of the week was chaotic in the domestic stock market on Friday. At the close of business today, the Bombay Stock Exchange index Sensex closed down 793.25 points at 74244.90. Similarly, the National Stock Exchange benchmark Nifty also fell by 234.40 points to close at 22519.40. BSE mid-cap and small-cap indices weakened by 0.5 percent during the trading session. Nifty Bank fell 422 points or 0.86 percent to 48,564.55.

Investor caution also contributed.

According to the news, buying was seen everywhere in the stock market today. Investor caution ahead of IT sector major TCS’s March quarter data also contributed to the fall in the Indian stock market. According to the news, a selling trend was seen in shares of oil, gas, FMCG and pharma companies on Friday.

Fluctuations in these stocks

During trading, Divis Lab, Bajaj Auto, Tata Consumer Products, Tata Motors and TCS topped the Nifty 50. While Sun Pharma, Maruti Suzuki, Powergrid, Titan and ONGC stocks were big losers in the Nifty 50. Additionally, the US dollar and 10-year Treasury yields were trading near five-month highs on Friday. That being said, investors now expect the Fed to move rate cuts beyond June. There is also growing concern that the US central bank may not cut rates significantly.

Experts say the Fed will cut its key funds rate by less than 50 bps this year. There seems to be no shortage of concerns in the market. Apart from inflation and heightened geopolitical tensions, rising geopolitical tensions are also a major concern for the market.

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