On Monday Indian stock markets started on a positive note amid cautious trade. The BSE Sensex gained as much as 249 points to touch 36,636 at the strongest point in early trade, while the Nifty moved up 60 points to hit 10,967. Advances were led by energy and pharma stocks. The domestic markets also tracked gains in other Asian peers where equities shrugged off a slowdown in China, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.4 per cent, after rising 1.6 per cent last week.
Indian stock markets started Monday’s session on a weak note, after growth in industrial production crashed to the lowest level recorded since June 2017. The Sensex fell as much as 259 points in early trade to hit 35,750, and the broader Nifty declined 83 points to touch 10,711.
The Indian stock markets started Tuesday’s session on a positive note but soon turned negative. The S&P BSE Sensex plunged as much as 96.21 points to touch 35,753.95, while the Nifty50 barometer of the National Stock Exchange lost 38.85 points to 10,733.25. The losses on Dalal Street were led by banking and auto stocks. Heavyweights HDFC Bank, HDFC, Reliance and Axis Bank contributed the most to the losses on the Sensex.
Indian equity benchmarks extended gains for the fifth day and are set for their longest winning streak in over three months. The S&P BSE Sensex Index rose as much as 0.4 percent to 36,315.42 and the NSE Nifty 50 Index rose as much as 0.36 percent to 10,898.15.