the Indian stock market witnessed a significant decline, with benchmark indices experiencing a “bloodbath.” The Sensex, which had been on a six-day winning streak, tumbled by 900 points. The Nifty 50 index also fell sharply after being on the verge of reaching the symbolic 20,000 mark in the previous session.
Here are the key details of the market’s performance:
- Nifty 50: The Nifty 50 index settled 1.17% lower at 19,745.
- Sensex: The S&P BSE Sensex lost 1.31%, closing at 66,684.26.
Despite the sharp decline on Friday, both benchmark indices managed to record their fourth consecutive week of gains, rising nearly 1% each over the week. This indicates that the overall trend in the market remained positive, even though there was a notable correction on the last trading day of the week.
Market movements can be influenced by a wide range of factors, including global market sentiment, economic indicators, geopolitical developments, and individual company news. Investors should stay informed about market trends and developments and consider their risk tolerance and investment goals while navigating the stock market.
the top gainers and losers on the Nifty 50 index. Here is a summary of the top five gainers and losers on the Nifty 50 for the specified trading session:
Top Gainers:
- Larsen & Toubro (L&T)
- Oil and Natural Gas Corporation (ONGC)
- NTPC Limited
- State Bank of India (SBI)
- Tata Motors
Top Losers:
- Infosys
- Hindustan Unilever Limited (HUL)
- HCL Technologies (HCL Tech)
- Wipro Limited
- Tata Consultancy Services (TCS)
