The S&P BSE Sensex lost 470 points or 1.29 per cent to settle at 36,093.47, with YES Bank (down 16 per cent) being the biggest laggard and Tata Motors (up 2 per cent) the top gainer. During the session, the index hit an intra-day high and low of 36,613.93 and 35,987.80, respectively. Only 4 out of 30 constituents ended in the green while the rest 26 declined.
Indian stock markets opened higher on Friday with Sensex up over 200 points in early trade while Nifty reclaimed 11,650. Asian markets were mostly higher today on hopes of a US-China trade deal. China and the United States claimed progress in talks to end their trade war, with US President Donald Trump talking up prospects for a “monumental” agreement that may still be some weeks away.
Indian markets extended gains today, hitting new milestones. The Sensex jumped over 350 points to hit 39,000 for the first time, overtaking its earlier all-time high of 38,989, hit in August last year. The broader Nifty also advanced to 11,715, less than 50 points away from its all-time high of 11,760. This week marks the beginning of a new financial year and all eyes are set on the Lok Sabha elections scheduled to be held in seven phases, beginning April 11. The BSE Sensex had surged 8% in March on the back of $6.5 billion year-to-date inflows from foreign institutional investors.
BSE Sensex and Nifty fell sharply on the back of negative global cues on growing fears about economic recession in the US. The S&P BSE Sensex fell as much as 1 per cent or 378 points to 37,786.98 and the NSE Nifty 50 Index dropped 1 per cent or 114 points to 11,352.20. Losses in early trading were led by Reliance Industries, Larsen & Toubro, HDFC, ICICI Bank, HDFC Bank, Infosys and Kotak Mahindra Bank.
BSE Sensex and Nifty edged higher led by gains in Larsen & Toubro, HDFC, ITC, NTPC and HDFC Bank. The S&P BSE Sensex rose as much as 137 points or 0.36 per cent to 38,524.09 and the NSE Nifty 50 Index rose above its psychologically important level of 11,550 as the index advanced 0.39 per cent or 45 points to 11,566. In Wednesday’s session, the Sensex and Nifty took a breather after a seven-day up move as they ended little changed owing to weekly expiry of derivative contracts.
Indian equity benchmarks rose after inflation cooled down to 17-month low led by gains in Reliance Industries, HDFC Bank, State Bank of India and ITC amid positive Asian cues. The S&P BSE Sensex advanced 0.6 percent or 206 points to 35,985 and the NSE Nifty 50 Index climbed 0.7 percent or 73 points to 10,810.
Indian equity benchmarks fell sharply ahead of Reserve Bank of India’s monetary policy decision amid weak global cues. The S&P BSE Sensex fell 0.55 percent or 195 points to 35,938 and the NSE Nifty 50 Index declined 0.65 percent or 70 points to 10,798.