Stock market today: Sensex, Nifty 50 snap 5-day winning streak; mid, smallcaps outperform

Key indices suffered important losses connected Friday led by mounting concerns implicit lofty valuation amid unimpressive March 4th earnings. Moreover, lingering concerns implicit planetary economical uncertainty, geopolitical tensions and higher involvement rates besides weighed connected sentiment.

In the January-March 2024 quarter, the US system expanded astatine its slowest gait successful 2 years. The US gross home merchandise (GDP) roseate by 1.6 per cent betwixt January and March, falling abbreviated of the expected 2.4 per cent summation projected by Wall Street. Notably, the US system grew astatine an yearly complaint of 3.4 per cent astatine the extremity of 2023. The caller information has shown a singular slowdown successful the world's largest economy. 

Sensex closed with a nonaccomplishment of 609 points, oregon 0.82 per cent, astatine 73,730.16 portion the Nifty 50 settled astatine 22,419.95, down 150 points, oregon 0.67 per cent.

(More to come)

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Published: 26 Apr 2024, 03:31 PM IST