Stock Market Updates: Sensex Down 200 pts, Nifty Tests 19,350; Campus Tanks 8%

The two key equity benchmarks, Sensex and Nifty, on Friday started lower amid volatility following a hawkish statement by the US Fed chair, Jerome Powell, which hit market sentiment. At 10 am, the S&P BSE Sense declined 213 points to 64,619. On the other hand, the NSE Nifty50 was trading at 19,340, down 55 points.

On the 30-share Sensex platform, M&M, Asian Paints, Titan, Maruti, Tata Steel, Tata Motors emerged losers. On the flip side, PowerGrid, NTPC, TechM, UltraCemco, Bajaj Finance, HCL Tech were among the gainers. Among specific stocks, Tata Motors shares gained 0.3 per cent after Moody's upgraded Tata Motors corporate family rating (CFR) from 'B1' to 'Ba3', reflecting continued improvement in the company's credit profile. Muthoot Finance stock crashed 7 per cent after the lender's net non-performing assets increased in Q2FY24.

In the broader markets, the BSE Midcap index shed 0.2 per cent, while the BSE Smallcap added 0.02 per cent.