Stock Market Updates: Sensex Down 200 pts, Nifty Below 19,750; RBL Bank Cracks 6%


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Last Updated: November 17, 2023, 09:48 IST

Sensex Today: Equity benchmark indices opened lower on Friday as global markets came off the euphoric sentiment of the last few sessions. The BSE Sensex fell 150 points to 65,825 and the NSE Nifty50 slipped 48 points to 19,717.

Nifty losses were led by SBI, Bajaj twins, Axis Bank and HDFC Bank, which declined up to 3 per cent, as RBI raised risk weight for consumer loans including credit cards.

The RBI mandate sent SBI Card spiralling 6 per cent lower. Asian Paints rose 3 per cent after Macquarie said the company announced 1 per cent price cut effective Nov 1.

The Macquarie report said the company has reduced prices for its decorative portfolio with Rs 2 per litre cut across enamels.

The broader markets were also tepid. The BSE MidCap index dipped 0.2 per cent and SmallCap pocket was flat.

Among sectors, financials were the weakest with Nifty PSU Bank index slipping 2.44 per cent. Nifty Bank shed 0.8 per cent.

Global Cues

Elsewhere in Asia, Shanghai Composite was down 0.4 per cent amid an 8-per cent crack in Alibaba shares. Hang Seng, meanwhile, shed 1.65 per cent.

Australia and South Korea’s benchmark indices fell 0.2 per cent and 0.80 per cent, respectively.

Nikkei was the only index in green, up 0.06 per cent.

Overnight, the Dow Jones slipped 0.13 per cent, the S&P 500 ticked higher by 0.12 per cent, while the Nasdaq Composite inched up by 0.07 per cent.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Metroclassify. Publisher:


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