Sensex and Nifty decline as midcaps underperform
after close1 source ↓written by the desknot a recommendation
- 124 points
- 26,068
- falling
- 401 points
- 85,232
- dropped
- 687 points
The stock market closed lower on Friday, with the Nifty 50 down 124 points at 26,068 and the Sensex falling 401 points to 85,232. The Midcap index dropped 687 points to 60,276, reflecting broad-based selling in metal and financial stocks.
The rupee hit a record low of ₹89.49 per US dollar, driven by a surge in the dollar and renewed foreign outflows, marking its steepest single-day fall in six months. This decline may impact market sentiment in the near term.
Not investment advice. For informational purposes only.