Market benchmark BSE Sensex closed 167 points lower after a volatile session on Friday, dragged by metal, auto and financial stocks, as optimism over US-China trade deal waned amid rising political uncertainty in the US.
Equity benchmark BSE Sensex plummeted 504 points on Wednesday tracking heavy losses in banking and auto stocks as investors turned jittery over geopolitical uncertainties and global slowdown concerns.
Benchmark stock gauges Sensex and Nifty ended on a flat note on Tuesday as investors scrambled to book profits after a stellar two-day rally. After gyrating 393 points during the day, the 30-share index ended 7.11 points or 0.02 per cent higher, at 39,097.14.
Equity benchmark BSE Sensex jumped over 200 points in early session on Tuesday, driven by gains in index heavyweights RIL, Infosys, TCS and Maruti, amid positive domestic and global cues. Strong foreign fund inflow too buoyed market mood here, traders said.
Bulls took over the market after the government slashed corporate tax rates for companies by almost 10 percentage points to 25.17 per cent to bring them at par with Asian rivals such as China and South Korea.
The govt on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals, as it looked to boost demand and investments.
Domestic equity benchmark BSE Sensex jumped over 200 points in early session on Wednesday, driven by gains in energy and banking stocks, amid positive global cues. The 30-share index was trading 186.94 points, or 0.51 per cent, higher at 36,668.03 at 0930 hours, while the broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75.
The 30-share index was trading 147.66 points, or 0.40 per cent, lower at 36,975.65 at 0930 hours, while the broader Nifty fell 43.30 points, or 0.39 per cent, to 10,960.20.
Domestic equity benchmark BSE Sensex dropped below the 37,000 level, plunging over 400 points, in early trade on Tuesday tracking heavy selling in financial and auto stocks amid weak domestic and global cues.
Domestic equity benchmark BSE Sensex rebounded by nearly 300 points in early trade on Wednesday, led by gains in index heavyweights RIL, HDFC and Infosys, amid positive cues from other global markets.
Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks.
In the previous session, the 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22. Similarly, the broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35. On a net basis, foreign institutional investors sold equities worth Rs 2,888.06 crore, provisional data available with stock exchanges showed on Friday.
Growth of eight core industries dropped to 0.2 per cent in June, mainly due to contraction in oil-related sectors as well as cement production, according to official data.
Equity benchmark BSE Sensex on Tuesday rallied over 250 points on heavy buying in auto and banking stocks amid positive cues from other Asian markets and US-China trade talks.
Extending losses for the third consecutive session, market benchmark BSE Sensex tumbled 306 points at close on Monday led by the carnage in shares of HDFC twins amid weak global cues.
Extending losses for the second consecutive session, market benchmark BSE Sensex plunged 560 points on Friday after the government thwarted hopes of a tax relief for FPIs.
Snapping its three-day rising streak, equity benchmark BSE Sensex slumped 318 points Thursday, dragged by a sell-off in index heavyweights RIL, TCS, ICICI Bank and SBI.
Domestic equity benchmarks Sensex and Nifty ended on a negative note after a highly volatile session Friday, dragged by losses in financial stocks.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,536.15 points after closing at 11,555.90 points.
In the previous session, the 30-share gauge finished 394.67 points, or 0.99 per cent, lower at 39,513.39, and the Nifty sank 135.60 points or 1.14 per cent, to 11,811.15, after the Union Budget proposal to raise public shareholding threshold fanned fears of an oversupply of new papers in an already overbought market.
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