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Home » Sensex / Nifty Future » Sensex, Nifty Decline As HDFC Bank, TCS, ICIC Bank Drag: Midday Market Update

Sensex, Nifty Decline As HDFC Bank, TCS, ICIC Bank Drag: Midday Market Update

India’s benchmark stock opened marginally higher and soon slipped to decline in trade through midday on Friday. While I.T. and non-banking financial sectors declined, realty and fast moving consumer goods shares were gaining in trade. Nifty Midcap 100 hit a fresh all-time high, intraday. Sensex fell below 66,000 mark for the first time in two weeks since July 14, 2023.

Japan’s currency and benchmark bond yields advanced after a move by the central bank to loosen its signature yield curve control. Bank of Japan said it’ll show more flexibility over its yield curve control policy. Both the Nikkei 225 and Topix indexes declined. Banking shares in Tokyo were among a small group of Japanese stocks that gained.

Contracts for the European stocks edged lower, while those for U.S. equities gained. Stocks advanced in Hong Kong and China after regulators were said to have signaled additional support for the technology sector. Technology stocks in Hong Kong gained more than 2%.

U.S. equities had gained earlier on Thursday as domestic gross domestic product picked up steam in the second quarter, however the equites swung to losses and the market ended lower.

As of 12:05 p.m., the S&P BSE Sensex Index was down 321 points or 0.48% at 65,946.18 while the NSE Nifty 50 Index was 77 points or 0.39% lower at 19,582.90.

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