CLOSING BELL: The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo

bear

<div>
	<b>CLOSING BELL<br />
	<br />
	Stock market highlights:&nbsp;</b>Equity markets cracked, while bond yields on the 10-year government securities firmed up, in the second half of the trading session on Friday as growth concerns weighed on investor sentiment. The S&P BSE Sensex crashed 937 points from the day&#39;s high and hit a low of 59,474 during the day. It, eventually, closed at 59,646, down 652 points or 1.08 per cent.</div>
<br>
<div>
	The NSE Nifty50, meanwhile, touched an intra-day low of 17,710 before settling 198 points, or 1.1 per cent, lower at 17,758.</div>
<br>
<div>
	The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo. That apart, Tata Steel, NTPC, HUL, Maruti Suzuki, RIL, and M&M were the other heavyweight losers. The only Sensex gainers were L&T, Infosys, and TCS.</div>
<br>
<div>
	Sectorally, the BSE Metal index shed 1.8 per cent, the BSE Bankex index 1.7 per cent, and the BSE PSU index 1.6 per cent</div>
<br>
<div>
	In the broader market, the BSE MidCap and SmallCap indices fell 1.27 per cent and 0.93 per cent, respectively.&nbsp;</div>
<br>
<div>
	<strong>Sensex @ 65,000?</strong></div>
<div>
	Domestic equity markets have staged a dramatic turnaround over the last two months. The frontline indices &ndash; the S&P BSE Sensex and Nifty &ndash; have rallied over 17 per cent each from their respective lows in June. Thus far in August, they have surged around 6 per cent each. Technically, both frontline indices &ndash; the BSE Sensex and Nifty 50 &ndash; have crossed their respective 61.80 per cent Fibonnaci retracement levels. Typically, surpassing 50 per cent is considered as a bullish reversal. <a href="https://www.business-standard.com/article/markets/sensex-on-track-to-hit-65-000-in-the-medium-term-charts-show-122081900372_1.html" target="_blank"><strong>READ MORE</strong></a></div>
<br>
<div>
	<strong>Global cues</strong></div>
<div>
	European markets were lower Friday morning, tracking global uncertainty as investors chart the course for monetary policy and continue to digest corporate earnings reports. The pan-European STOXX 600 index was down 0.33 per cent, while DAX and CAC40 fell up to 0.7 per cent.&nbsp;</div>
<br>
<div>
	On Wall Street, futures linked to main indices were down up to 0.8 per cent. Earlier in Asia, Nikkei ended flat with negative bias, Kospi declined 0.6 per cent, but Hang Seng rose 0.05 per cent.&nbsp;</div>
<br />
<br />

Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink

Business Standard

Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink | News on Markets - Business Standard

US equity futures tepid after minor gains on Wall Street

Asia-Pacific markets mixed: Hang Seng gains 0.2%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16608777722391.png

US markets saw marginal gains on Thursday: S&P 500 up 0.2%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16608775118087.png

Good morning readers! Catch all live market updates here with Business Standard

Stay tuned for all the live market action and more!