Business Standard

Friday, December 27, 2024 | 09:48 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Nifty snaps 8-day winning run on weak global cues; Sensex falls 652 points

Fed remarks, China growth concerns hit sentiment

NSE, Nifty, markets
Premium

Photo: Bloomberg

Sundar Sethuraman Thiruvananthapuram
Hawkish comments from US Federal Reserve officials and renewed concerns about a growth slowdown in China halted the Nifty’s eight-day winning streak, with the 50-share index falling 198 points, or 1.1 per cent, to finish at 17,758 on Friday. The index, however, still managed to post its fifth straight weekly gains.

On Thursday, the Nifty had edged up for an eighth straight day of gains — its longest winning run since November 2020. The Sensex on Friday ended with losses for the first time in six days, dropping 652 points, or 1.1 per cent, to settle at 59,646.

Most Asian markets fell

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in