Topic
market indices
Business Sensex ends 281 points lower at 77,728; Nifty slips 78 to 24,288
Indian benchmark indices closed lower on August 17, with the Sensex settling 281.09 points down at 77,728.16 and the Nifty 50 at 24,287.65. IT stocks led declines while banks and mid-caps gained, as elevated crude prices and weak US data weighed on sentiment.
Finance Wall Street Rebounds on Tech Rally as Microsoft Surges 15% on Strong Earnings, Nasdaq Climbs 1.8%
US stocks rebounded on Thursday, with the Nasdaq Composite climbing 1.8% as Microsoft surged 15.2% on strong quarterly earnings. The S&P 500 rose 0.9%, recovering half of Wednesday's decline, while the Dow gained 250 points. Meta Platforms fell 8.9% on disappointing earnings. Treasury yields eased slightly after Fed Chair Kevin Warsh offered little clarity on rate policy. Economic data showed slower growth and persistent inflation.
Finance Asian Stock Markets End Mixed as Kospi and Nikkei Hit Record Highs; European Indices Trade Negative
Asian stock market indices ended on a mixed note with South Korea's Kospi jumping 2.2% to a record closing high of 9,064 and Japan's Nikkei 225 climbing 1.6% to an all-time closing high of 71,053. In contrast, Hong Kong's Hang Seng Index declined 1.6% and China's Shanghai Composite slipped 0.4%. Major European indices were trading negative, with London's FTSE 100 sliding over 1% while France's CAC 40 and Germany's DAX remained flat.