US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19
Updated Jan 15, 2021 | 09:51 IST
BSE Sensex was at 49,237 levels down by almost 346 points or 0.7% around 0949 hours while 50-stock NSE Nifty slipped almost 111 points at 14,484 levels Sensex down 350 points, Nifty below 14,500 in first hour of trade; Bharti Airtel, UPL in green | Photo Credit: IANS
Mumbai: Indian markets slipped in red after a flat opening tracking weakness in US markets overnight. The 50-stock Nifty benchmark index was at 14,484 levels down by almost 111 points or 0.7% around 0949 hours while 30-stock BSE Sensex was down almost 346 points at 49,237 levels.
Shares of Airtel rose 3% in early trades as it was reported that the weightage of the stock will increase in the MSCI Global Standard indexes in February 2021 quarterly review.
Updated Jan 15, 2021 | 16:28 IST
The 30-share BSE Sensex closed at 49,034, down by 546 points or 1.1% while the broader NSE Nifty index slipped nearly 161 points to close at 14,433 levels. Sensex slips over 540 points, Nifty below 14450 levels amid profit booking, volatility I File photo | Photo Credit: BCCL
Key Highlights
Both Sensex, Nifty lost over 1% on Friday dragged down by IT and banks stocks
Nifty Smallcap and Midcap indices snapped their two-week gaining spree on Friday
Markets slipped in the red zone after a flat-to-negative opening in early trades but the selling momentum sustained as investors decided to book some profits.
The 30-share BSE Sensex closed at 49,034, down by 546 points or 1.1% while the broader NSE Nifty index slipped nearly 161 points to close at 14,433 levels.
US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations
Matthew FoxJan 15, 2021, 03:18 IST
Lucas Jackson/Reuters
stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August.
The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated.
US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
Jobless claims surged to 965,000 for the week that ended on Saturday, representing the biggest surge since March and the highest level since August. Economists had expected 800,000 jobless claims for the week.Consumer confidence also took a hit, according to the Bloomberg Consumer Comfort Index, which fell 1.2 points to 43.2 in the week ended January 10.
US stocks were mixed on Wednesday as investors await further stimulus support from the government. Affirm spiked as much as 110% on Wednesday after the loan