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Mkt snaps 6-session gains over profit booking ahead of Fed chair speech

The New Indian Express Kozhikode

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August 23, 2025

DOMESTIC equity market snapped a six-day winning streak and fell sharply on Friday as investors rushed to book profits ahead of US Federal Reserve Chair Jerome Powell's awaited speech at the Jackson Hole symposium which will provide insights into the global liquidity outlook.

- ENS ECONOMIC BUREAU @ New Delhi

The BSE Sensex plunged 693.86 points or 0.85% to settle at 81,306.85, while the broader Nifty fell to 24,870.10, down 213.65 points or 0.85%. Before Friday's fall, the market registered a strong buying streak for 6 sessions, fuelled by optimism over Goods and Services Tax (GST) reforms & S&P Global Ratings upgrade.

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THIS Diwali, for most people in their 50s, the conversation centred around retirement. The moot point of discussion was ‘how much is enough’ to retire. It is a topic of discussion among the upper-middle-class and middle-class people.

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RBL Bank, one of the first Indian banks to operate without a promoter entity, made a history last week by announcing the largest-ever foreign direct investment (FDI) in the domestic banking sector.

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