Stock market today: Indian stock markets closed red on Friday, after performing four green sessions. The Sensex fell by 697 points, while the Nifty 50 index collapsed 213 points. Asian Paints, UltraTech Cement, Grasim Industries, and Adani Enterprises slipped 2%. FII selling pressure and profit-taking after 6 days really pulled the market below. Nazara technology is 4% down after the online gaming bill of 2025.
Indian stock markets collapsed on Friday. The benchmarks declined on their last trading session of the week. The benchmark BSE Sensex collapsed 697 points, or 0.85%, to close at 81306, while the Nifty declined 213 points, or 0.85%, to settle at 24870. The continuous four-day rally of benchmarks was broken today by the falling indexes. Nifty declined from its position of 25000, while Sensex also declined from its position of 82000, reached on the last day.
Profit-taking at the end of the day after a 6-days rally and caution ahead of Federal Reserve Chair Jerome Powell’s policy remarks at the Jackson Hole symposium letter in the day affected the stock markets. Global markets, including India, adopted a caution on Thursday, as investors waited for US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium later in the day.
This will be his last speech at the event before his term ends in May 2026. Powell will speak at 10:00 AM EDT (7:30 PM IST), and the speech will be available live on the Fed’s YouTube channel.
Nazara Technologies shares slid 4% on Friday as the Lok Sabha passed the online gaming bill yesterday. Grasim Industries was down by 2.55%, along with Asian Paints (2.40%), Adani Enterprises (2.28%), UltraTech Cement (2.06%), and Hero MotoCorp (2.06%).
Top gainers Nifty 50
Mahindra and Mahindra, Maruti, BEL, Bharti Airtel, Titan, Bajaj Finance, Apollo Hospitals, and Bajaj Auto.
Top losers Nifty 50
Grasim Industries, Asian Paints, Adani Enterprises, UltraTech Cement, Hero Motor Corp, Tata Steel, ITC, HCL Tech, Kotak Bank, Nestle India, JSW Steel, TCS, Adani Ports, HDFC Bank, Tech Mahindra, SBI Life, SBI, Reliance Industries, Jio Finance, and Coal India.
Among sector indices, 5 indices closed in green, while others closed in red. Nifty FMCG fell by 1% along with Nifty IT (0.79%), Nifty Metal (1.25%), and Nifty PSU Bank is 1.12% down.
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