ET Market Watch: Sensex Falls 182 pts, Nifty Below 24,800
Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the day.
Transcript
Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the day.The BSE Sensex declined 182 points to close at 81,451, while the NSE Nifty slipped 82.90 points to settle at 24,750.Top dragsTech Mahindra, HCL Tech, Infosys, Bajaj AutoTop gainersReliance Power, Suzlon & BSEExpert View:Market remained in consolidation modeRSI showed bearish signalsNifty faced resistance at 24,800, support at 24,700Global cues:MSCI World Index posted a 5% monthly gainDollar strengthened with rising U.S. yieldsNikkei and Hang Seng slipped on profit bookingCrude Update:Brent held at $64.38 but logged second weekly lossRupee Movement:Ended at 85.57/$ — lost nearly 1% in May, ending a 2-month rallyDespite Friday's dip, Nifty gained 1.7% in May | Sensex rose 1.5%Both up ~12% since March!
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