Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets. Investors are also concerned that the U.S. Federal Reserve could signal this week that it’s planning to pull back some of the support measures it’s been giving markets and the economy.
Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at fresh record high levels on Friday.
BSE Sensex and NSE Nifty50 made new record highs on Thursday. The Sensex crossed the 59,000 mark, while Nifty breached the 17,600 level.
The 30-share Sensex was trading 152.58 points or 0.26 per cent higher at 58,875.78. Similarly, Nifty advanced 50.30 points or 0.29 per cent to 17,569.75 in initial deals.
The 30-share index settled 476.11 points or 0.82 per cent higher at 58,723.20. It touched an intra-day record of 58,777.06.
The 30-share Sensex settled 277.41 points or 0.48 per cent up at its lifetime closing high of 58,129.95. It touched an intra-day record of 58,194.79.
In the previous session, the BSE index ended 765.04 points or 1.36 per cent higher to 56,889.76, and Nifty surged 225.85 points or 1.35 per cent to its record closing of 16,931.05.
Equity benchmark Sensex rallied over 765 points to finish above the 56,000-mark for the first time on Monday.
Sensex rallied over 400 points in early trade on Monday amid positive cues from global markets. The broader NSE Nifty surged 0.60 per cent to 16,806.15.
Equity benchmark indices traded firm during early hours on August 23 with IT stocks witnessing smart gains.
Tata Steel was the top loser in the Sensex pack, shedding over 3 per cent, followed by Kotak Bank, ICICI Bank, Dr Reddy’s, SBI, L&T, Axis Bank, HDFC Bank and Reliance Industries.
Equity benchmark gauges were at flat levels during early hours on Tuesday amid slim gains in Asian markets with investors concerned about the outlook of global macroeconomic data after the spread of COVID-19 virus. At 10:15 am, the BSE SandP Sensex was down by 30 points or 0.05 per cent at 55,553 while the Nifty 50 moved lower by 5 points or 0.03 per cent to 16,558.
Sectorally, BSE telecom, teck, capital goods, IT, energy and consumer durables indices rose up to 1.80 per cent, while realty, healthcare and utilities ended in the red. Broader BSE midcap and smallcap indices underperformed the benchmark to end up to 0.06 per cent lower.
Equity frontline indices were on upward swing during early hours on Friday with metal and banking scrips showing substantial gains. At 10:15 am, the BSE SandP Sensex was up by 229 points or 0.42 per cent at 55,073 while the Nifty 50 moved higher by 70 points or 0.43 per cent to 16,435.
Equity indices suffered losses during early hours on Wednesday with all sectoral benchmarks in the negative zone.
After slipping over 192.17 points lower, the 30-share BSE index pared some of its losses to trade 54.98 points or 0.10 per cent lower at 52,920.82 in initial deals, while the broader NSE Nifty fell 11.55 points or 0.07 per cent to 15,844.50.
In the previous session, Sensex ended 18.79 points or 0.04 per cent lower at 53,140.06, while the broader NSE Nifty slipped 0.80 points or 0.01 per cent to 15,923.40.
In the previous session, Sensex ended 134.32 points or 0.25 per cent higher at 52,904.05, and Nifty advanced 41.60 points or 0.26 per cent to 15,853.95.
Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 113.83 crore on Tuesday, as per provisional exchange data.
Equity benchmark Sensex tumbled over 300 points in early trade on Friday, tracking losses in index majors Reliance Industries, HDFC twins and ICICI Bank amid a weak trend in global markets.
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