Markets fall sharply in early trade; Sensex tumbles 817 points
Business | September 26, 2022 10:07 ISTPower Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.
Power Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.
On Friday, equity markets in India and several countries declined sharply followed by the reports of the new variant in South Africa.
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.
After scaling its lifetime peak of 54,256.13 in opening trade, the 30-share index was trading 415.33 points or 0.77 per cent higher at 54,238.69 in initial deals.
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.
In the previous session, the 30-share index Sensex ended 185.93 points or 0.35 per cent lower at 52,549.66, and Nifty tumbled 66.25 points or 0.42 per cent to 15,748.45.
In the previous session, the 30-share index Sensex closed 226.04 points or 0.43 per cent higher at record 52,925.04, and Nifty advanced 69.90 points or 0.44 per cent to 15,860.35.
In the previous session, Sensex settled 14.25 points or 0.03 per cent higher at 52,588.71, and Nifty rose 26.25 points or 0.17 per cent to close at 15,772.75.
In the previous session, Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35.
In the previous session, Sensex ended 333.93 points or 0.64 per cent lower at 51,941.64, and Nifty slumped 104.75 points or 0.67 per cent to 15,635.35.
In the previous session, Sensex ended 295.94 points or 0.60 per cent higher at 49,502.41, and Nifty jumped 119.20 points or 0.80 per cent to 14,942.35.
In the previous session, Sensex ended 86.95 points or 0.17 per cent lower at 49,771.29, and Nifty dipped 7.60 points or 0.05 per cent to 14,736.40.
In the previous session, Sensex settled 35.75 points or 0.07 per cent higher at 50,441.07, and Nifty ended higher by 18.10 points or 0.12 per cent at 14,956.20.
In other Asian markets, equities staged a strong recovery after witnessing panic sell-offs for a couple of sessions as investors cheered the US Senate passing a USD 1.9 trillion stimulus bill for COVID-19 relief package.
On Tuesday, the Sensex had rallied 447.05 points or 0.90 per cent, and the Nifty had jumped 157.55 points or 1.07 per cent, extending gains for the second day in a row.
On Monday, the Sensex had risen by 749.85 points or 1.53 per cent; and the Nifty had gained 232.40 points or 1.60 per cent.
The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period a year back, data released by the National Statistics Office on Friday showed.
The Nifty50 on the National Stock Exchange was trading at 13,463.35, up 70.40 points or 0.53 per cent from its previous close.
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