Stock market updates: India VIX ticked up 5 per cent

MARKETS: Indices at day's low, Sensex plunges 550 pts, holds 49,000

<strong>Stock market updates</strong>: Fresh concerns over coronavirus lockdown in China and European countries weighed on market sentiment, dragging benchmarks 1 per cent lower on Friday. That apart, concerns around the implementation of US President-elect Joe Biden&#39;s proposed package tempered global recovery hopes.&nbsp;<br />
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	The benchmark S&P BSE Sensex breached below the 49,000-mark during the intra-day trade, and hit a low of 48,795 on the BSE, plunging around 860 points from day&#39;s high. The Nifty50, on the other hand, skid 260 points from day&#39;s high to hit a low of 14,358. Volatility gauge, India VIX, jumped over 4 per cent today to close at 24 levels.</div>
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	Sensex ended in the sea of red with 26 of the 30 constituents ending the day in the red. Tech Mahindra (down 4 per cent) was the top loser on the index, followed by losses in ONGC, HCL Tech, Asian Paints, Ultratech Cement, HUL, and NTPC, down between 2 per cent and 3.7 per cent. The index closed at 49,035 levels, down 549.5 points or 1.11 per cent.</div>
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	Weightage-wise, HDFC, Reliance Industries, Infosys, ICICI Bank, and HUL dragged the index by 300 points.</div>
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	On NSE, the Nifty50 index slipped below the 14,500-mark and settled at 14,433 levels, down 162 points or 1.11 per cent lower.&nbsp;</div>
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	In the broader market, the S&P BSE MidCap and SmallCap indices settled with a cut of 1.25 per cent and 1.06 per cent, respectively.</div>
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	All the sectoral indices on the NSE closed with a red tick. Nifty IT and Nifty PSU Bank index ended with 2 per cent cuts while Nifty Financial Services, FMCG, Metals, and Private bank were down 1 per cent. Nifty Bank index skid 273 points, or 0.8 per cent, and ended at 32,247</div>
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	<strong>Global markets</strong></div>
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	Prospects of tighter lockdowns in Germany and France as well as new Covid-19 restrictions in China cut into optimism about a global economic recovery. The pan-European STOXX 600 index fell 0.5 per cent.&nbsp;</div>
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	The German DAX was down 0.5 per cent and France&#39;s CAC 40 fell 0.6 per cent. UK&#39;s FTSE 100 also declined 0.6 per cent despite data showing that Britain&rsquo;s economy recorded a smaller-than-expected contraction in November.</div>
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	Meanwhile, Asian stocks had initially firmed on Thursday on a report that the stimulus package could be as big as $2 trillion, much more than markets were expecting. However, shares later erased gains with MSCI&#39;s broadest index of Asia-Pacific shares outside Japan down 0.59 per cent.</div>
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	Chinese blue-chips shed 0.97 per cent amid worries over rising COVID-19 cases in China, and after the Chinese central bank drained liquidity from the country&#39;s banking system, suggesting a tightening bias in monetary policy.</div>
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	<em><strong>(With inputs from Reuters)</strong></em></div>
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Sensex ends 549 pts down at 49,035; HCL Tech declines 4%; Tata Motors up 7%

Business Standard

Sensex ends 549 pts down at 49,035; HCL Tech declines 4%; Tata Motors up 7% | News on Markets - Business Standard

Asian stocks and US equity futures too retreated in early Friday trade as investors scrutinized President-elect Joe Biden&rsquo;s much-anticipated $1.9 trillion Covid-19 relief plan.
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	With few surprises to catch investors off guard, Biden&rsquo;s proposal includes a wave of new spending, more direct payments to households, an expansion of jobless benefits and enlargement of vaccinations and virus-testing programs.</div>
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	S&amp;P 500 futures fell 0.1%, Japan&rsquo;s Topix dropped 0.3% and South Korea&rsquo;s Kospi sank 1.2%. However, Australia&rsquo;s S&amp;P/ASX 200 Index rose 0.5%.<br />
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	<em>(Source: Reuters)</em></div>

The US stocks spent most of the trading session in positive territory, helped by the stimulus hopes, some concerns about the details of the package led to a modest decline towards the end of Wall Street trade.&nbsp; Overall, the Dow fell 0.22 per cent, the S&amp;P 500 lost 0.38 per cent, and the Nasdaq dropped 0.12 per cent.<br />
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<em>(Source: Reuters)</em>

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Sensex ends 549 pts down at 49,035; HCL Tech declines 4%; Tata Motors up 7%

Stock market updates: India VIX ticked up 5 per cent

Asian stocks start in the red

Wall Street ends lower on Thursday

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