On Friday, benchmark equity indices fell for the sixth consecutive session, marking their worst week in more than two years, as World stocks headed for their worst week since the market's pandemic meltdown in March 2020.
Following a week of wild swings across asset classes, the 30-stock S&P BSE Sensex and the broader NSE Nifty had their worst week since May 2020, as global central banks stepped up their efforts to rein in spiralling inflation. Both indexes fell to more than one-year lows in their sixth consecutive session of losses, with the blue-chip indices losing about 5.5 percent per week.
The BSE Sensex slid 135.57 points, or 0.26 percent, to 51,360.42 on Friday, while the Nifty ended the week at 15,293.50, down 0.44 percent. Titan, Wipro, Dr Reddy's, Asian Paints, Sun Pharma, PowerGrid, Larsen & Toubro, UltraTech Cement, Maruti, TCS, and Hindustan Unilever were the worst performers within the Sensex pack.
Titan Company was the Nifty's biggest percentage loser, falling 6% in its worst day in more than two years. Only nine of the Sensex's thirty stocks ended the day in the green. Bajaj Finance, Bajaj Finserv, Reliance Industries, and ICICI Bank, on the other side, were among the gainers.
Internationally, due to selling in Australia, MSCI's broadest index of Asia-Pacific stocks outside of Japan plummeted to a five-week low. The Nikkei 225 index in Japan lost 1.8 percent, putting it on track for a weekly loss of about 7%.
Cryptocurrency prices today: Check Bitcoin, Ethereum, Solana
CAPEX continues to support growth momentum: CEA
GST Council to meet in Srinagar on June 28, 29