Sensex tanks over 1,300 points, Nifty falls below 14,300
Apr 19, 2021, 03:00 PM ISTSensex crashed over 1,300 points on Monday to trade below 47,700. The NSE Nifty too tanked nearly 400 points to trade below 14,300.
Sensex crashed over 1,300 points on Monday to trade below 47,700. The NSE Nifty too tanked nearly 400 points to trade below 14,300.
MTAR Technologies share is scheduled for listing today. MTAR share will be listed on NSE and BSE at 10 am. MTAR grey market premium (GMP) shows a bumper listing gain.
The National Stock Exchange halted trading on its platform for around four hours on Wednesday causing mayhem among investors and brokers.
The National Stock Exchange (NSE) on Tuesday announced changes in index maintenance guidelines, criteria and methodology.
The National Stock Exchange on Wednesday halted the trading following a technical glitch in the system.
From March 31, there will be changes to revision in the index reconstitution date, stock capping, quarterly rebalancing of shares and investible weight factors, and calculation of Price to Earnings (P/E) ratio for indices.
The National Stock Exchange breached the psychological 14,000 mark for the first time to trade at 14007.5 at 10:40 am.
The National Stock of Exchange (NSE) India Ltd may get the approval of the Securities and Exchange Board of India (SEBI) for the Initial public offering (IPO), according to reports.
According to traders, market mood turned bearish after government data on Monday showed that retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier.
Till September, a total of 71 ETFs were benchmarked to various equity and debt indices, while the number stood at 66 by March this year. "Increasing awareness about ETFs, large cap active funds struggling to outperform large cap indices based ETFs and low fund management fees of ETFs are few other key factors which have helped the growth of ETF in India," NSE said in a statement on Friday
In the previous session, the 30-share Sensex settled 35.98 points or 0.09 per cent, higher at 40,165.03. The Nifty advanced 13.15 points, or 0.11 per cent, to close at 11,890.60.
While search for CCD founder VG Siddhartha is underway, the company in a letter has informed the National Stock Exchange (NSE) that the business is running as usual.
The scrip tanked 18.17 per cent to close at Rs 33.10 on the BSE. During the day, it dropped 28.18 per cent to hit an all-time low of Rs 29.05.
The Reserve Bank of India's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy Thursday. The central bank had cut the short-term lending rate (repo rate) by 25 basis points each in its last two policy reviews.
Elsewhere in Asia, bourses in China, Japan and Korea were trading on a negative note in their respective early sessions.
FII sold equity worth Rs 501.11 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 269.22 crore, provisional data available with stock exchanges showed.
Market mood has been euphoric since the BJP-led National Democratic Alliance (NDA) won the general elections.
The market is witnessing a board-based rally expecting better outlook for the economy in the next one-two quarter, experts said.
In the previous session, the BSE Sensex surged over 1,000 points to touch the 40,000-mark for the first time ever following the BJP's stellar electoral show, but could not sustain the momentum as investors chose to cash in on the gains.
Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election-related events lined up.
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