Stock Market Updates: Sensex Falls Over 400 pts, Nifty Below 18,200; HDFC Twins Down 4%

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Stock Market Updates: Sensex Falls Over 400 pts, Nifty Below 18,200; HDFC Twins Down 4%


Last Updated: May 05, 2023, 09:27 IST

Sensex Today: Sensex and Nifty indices on Friday opened on a tepid word following renewed banking fears on Wall Street in a single day. The BSE Sensex fell 400 factors to 61,338, and the NSE Nifty50 slipped 100 factors to 18,150.

HDFC twins slumped 4 per cent main losses on the Sensex, IndusInd Bank, HDFC Life, Tata Steel have been the opposite frontline losers.

On the flip aspect, ICICI Bank, L&T, Axis Bank Nestle, Ultratech Cement and SBI have been among the many high Sensex gainers.

The broader markets, in the meantime, opened increased. The BSE MidCap and SmallCap indices rose as much as 0.3 per cent.

Global Cues

Asian shares rose, the greenback eased and gold hovered round its document highs on Friday, as jittery traders remained nervous concerning the US banking sector following one other rout in shares of regional lenders.

Wall Street ended decrease on Thursday after PacWest’s transfer to discover strategic choices deepened fears concerning the well being of U.S. lenders and hit shares of regional banks in addition to JPMorgan Chase, Wells Fargo & Co and different main monetary gamers.

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