Stock Market Updates: Sensex Down 200 Points, Nifty Below 22,000; IT Stocks Drag – News18

Indian benchmark indices Sensex and Nifty traded with cuts on Friday, dragged by IT stocks after global firm and sector bellwether Accenture flagged a spending gloom due to economic uncertainty in the US, slashing its fiscal 2024 revenue forecast.

Global Cues

Markets in Asia-Pacific remained a mixed bag of green and red on Friday morning, with Japan’s Nikkei 225 continuing its bull run for the second consecutive trading session soaring 0.53 per cent and trading above 41,000 levels, while the Topix also climbed 0.64 per cent.

However, Hong Kong’s Hang Seng index futures were down by 1.70 per cent at 16,580 levels. Australia’s S&P/ASX 200 was also trading lower at 0.31 per cent on Thursday morning.

Meanwhile, South Korea’s Kospi was up 0.19 per cent, and the Kosdaq was down 0.03 per cent.

Overnight in the US, all three major indexes hit fresh highs, with both the Dow Jones Industrial Average and the S&P 500, rising 0.68 per cent and 0.32 per cent respectively. Meanwhile, the Nasdaq Composite saw a jump of 0.20 per cent.