Snapping its four-day rising streak, equity benchmark Sensex surrendered all early gains to plunge 561 points on Wednesday, tracking a selloff in financial stocks and weak cues from global markets.
The mutual fund industry added 6.12 lakh investor accounts in May, taking the total tally to 9.1 crore, amid volatile market conditions and concerns over the impact of coronavirus pandemic.
Equity benchmark Sensex rebounded from a sharp selloff in early trade to finish 243 points higher on Friday, led by strong gains in Reliance Industries and a rebound in European markets.
The BSE Sensex surged 290 points on Wednesday following gains in index heavyweights Reliance Industries, HDFC and ICICI Bank amid persistent foreign fund inflows.
Shares of multiplex chain operator PVR on Tuesday fell nearly 5 per cent after the company reported a consolidated net loss of Rs 74.61 crore for the fourth quarter ended March 2020.
Equity benchmark Sensex rallied 595 points on Thursday, tracking gains in index-heavyweights HDFC twins, Reliance Industries, L&T and ICICI Bank amid positive cues from global markets.
Earnings of BSE Sensex companies will contract by up to 8 per cent in 2020-21 on the broader economic worries, and hopes of gains in equities should be pinned on a decrease in infections or a fiscal stimulus, an analyst said on Tuesday.
Equity benchmark Sensex rose 114 points on Thursday as investors accumulated FMCG, auto and IT stocks amid gradual reopening of the economy.
Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets.After rallying over 700 points in a volatile session, the 30-share index finished 167.19 points or 0.56 per cent higher at 30,196.17.
Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points.
Benchmark Sensex gave up all its early gains to end 81 points lower on Monday, dragged by losses in financial stocks as lenders beefing up provisions against COVID-19 risks stoked slippages worry.
Extending its gains for the second session, equity benchmark Sensex jumped 371 points on Tuesday driven by aggressive buying in financial stocks amid hopes of another stimulus package by the government.
Equity benchmark Sensex surged over 483 points on Thursday, tracking gains in IT and banking stocks as expectations of another stimulus package from the government enthused investor sentiment.
Market benchmark Sensex jumped 743 points on Wednesday, propelled by index heavyweight RIL after Facebook announced it will pick up 10 per cent stake in Jio Platforms for USD 5.7 billion.
Equity benchmark Sensex plummeted over 1,203 points on Wednesday, in line with a global selloff as investors fretted over the impact of prolonged worldwide lockdowns due to the Covid-19 pandemic.
On the corporate front, Yes Bank will be in focus after reporting a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink.
Share Market Crash: Share markets saw their biggest on-day fall on Thursday amid Coronavirus pandemic across the globe.
On Wall Street overnight, the Dow fell into bear market territory, with a loss that dragged it 20% below the record set last month. The broader S&P 500, which professional investors watch more closely, is a single percentage point away from falling into its own bear market, which would end the longest bull market in Wall Street history.
At 1 pm, S&P Sensex index plummeted as much as 2,100 points to hit 35,543 after opening 1,176.49 points down in the early trade on Monday. The broader NSE Nifty benchmark hit a 15-month-low, down by 588.90 at 10,400.
The S&P Sensex index plummeted as much as 1,176.49 points to hit 36,400.13 in the first few minutes of trade
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