Stock Market Updates: Sensex Tumbles Over 350 Points, Nifty Below 25,350; IT And Financial Stocks Fall | Markets News

Sensex Today

Sensex Today: Indian equities paused their three-day winning streak on Friday as investors booked profits at higher levels. The BSE Sensex index was trading at 82,794, falling 220 points or 0.27 per cent, in early morning deals, while the Nifty50 was at 25,372, lower by 52 points or 0.2 per cent.

Adani Group stocks outperformed, surging up to 8% after the Securities and Exchange Board of India (SEBI) on Thursday closed proceedings against the group companies, Chairman Gautam Adani, and related entities over allegations of fund diversion, related-party transaction violations, and fraud.

In the broader market, the Nifty MidCap index edged up 0.25%, while the Nifty SmallCap index eased 0.13%.

Sectorally, autos and private banks weighed on sentiment, with both the Nifty Auto and Nifty Private Bank indices down 0.2% each.

Global cues

Asian markets were largely positive on Friday, mirroring overnight gains on Wall Street. Japan’s Nikkei rose 0.8%, scaling a fresh record high for the second straight session ahead of the BoJ’s policy announcement. The central bank concludes its two-day meeting today, with a Reuters poll suggesting rates will likely stay steady at 0.5%.

Data showed Japan’s core inflation eased to 2.7% in August, the lowest since November 2024, marking the third consecutive monthly decline. Headline inflation also moderated to 2.7% from 3.1% in July. The Topix index climbed 0.72%, while Australia’s ASX 200 rose 0.74%. However, South Korea’s Kospi slipped 0.5%.

On Wall Street, equities rallied as the U.S. Federal Reserve signaled the beginning of a rate-easing cycle. The S&P 500 gained 0.48%, Nasdaq jumped 0.94%, and Dow Jones rose 0.27%. All three benchmarks hit fresh intraday record highs on Thursday after a volatile reaction to the Fed’s rate cut a day earlier.