Stock Market Update: Indian stock market fell, Sensex fell 500 points and Nifty reached 24,600
Stock Market Update: The ongoing selling by FIIs in October has negatively impacted market performance, and this sustained trend continued on Friday as Indian benchmark stock indexes started lower.
The BSE Sensex was down 277 points, or 0.34 percent, at 80,729 at the opening bell, while the Nifty 50 was down 75 points, or 0.3%, at 24,675.
Worldwide Cues
On Friday, the markets in the Asia-Pacific region saw uneven trading as investors evaluated significant GDP growth statistics from China and Japan’s inflation numbers.
According to official figures, China’s GDP grew 4.6% in the third quarter compared to a year earlier, somewhat above experts’ predictions.
expectations and keeping the heat on decision-makers as they think of more stimulus plans.
The Nikkei 225 was trading 0.4% higher after that, while the Topix index as a whole was up 0.4%.
The small-cap Kosdaq was down more than 1%, while the blue-chip Kospi in South Korea fell by 0.25 percent.
The Shanghai Composite was up 0.09 percent and the CSI 300 was up 0.18 percent in China. The Hang Seng Index for Hong Kong increased by 0.98 percent.
