Stock Market Updates: Sensex Drops 150 Points, Nifty Below 25,000; TCS Sheds 2%, IREDA Gains 2%

Indian benchmark equity indices BSE Sensex and Nifty 50 opened lower on Friday, tracking overnight weakness on the Wall Street.

At opening bell, the BSE Sensex was down 39.55 points, or 0.05 per cent, at 81,571, while the Nifty 50 was at 24,959, down 39.05 points, or 0.16 per cent.

Global Cues

Meanwhile, markets in the Asia-Pacific region were mixed on Friday, diverging from the lower close on Wall Street overnight, which saw key benchmarks slide as investors digested a persistently increasing US inflation report.

Japan’s Nikkei 225 climbed 0.7 per cent, while the broad-based Topix edged up 0.40 per cent.

South Korea’s Kospi advanced 0.49 per cent and the small cap Kosdaq added 0.36 per cent.

Hong Kong’s Hang Seng index was ahead by 2.98 per cent, while mainland China’s Shanghai Composite was down 1.16 per cent and the CSI 300 was down 2.22 per cent.

Australia’s S&P/ASX 200 was down 0.15 per cent.