Market plunges over 3% on virus surge, possible lockdown

Indian markets plunged on April 12 as surging coronavirus cases spooked investors worried about lockdown-like restrictions hitting nascent economic recovery. At close, the Sensex was down 1,707.94 points, or 3.44 percent, at 47,883.38, and the Nifty was down 524.10 points, or 3.53 percent at 14,310.80. The overall market capitalisation of BSE-listed firms fell to Rs 200.9 lakh…

Sensex, Nifty end higher amid volatility; metals shine

Benchmark indices ended on a positive note for the third straight day on April 8 amid volatility. At close, the Sensex was up 84.45 points, or 0.17 percent, at 49,746.21, and the Nifty was up 54.80 points, or 0.37 percent, at 14,873.80. “The markets were successful in crossing 14,950 but failed to sustain there. We…

Sensex, Nifty rise on RBI#39;s dovish policy; PSU banks outshine

Indian market ended in the green for the second straight session on April 7 after the Reserve Bank of India (RBI) kept key policy rates unchanged and maintained its accommodative stance. Sensex rose 460.37 points or 0.94% to close at 49,661.76, while Nifty was up 135.50 points or 0.92% to end at 14,819. “Indian market is invigorated by…

Sensex, Nifty end flat amid volatility; metal, pharma outperform

Indian markets ended flat on April 5 after a highly volatile session, with the Sensex closing 42.07 points, or 0.09 percent, higher at 49,201.39 and the Nifty ending 45.70 points, or 0.31 percent, up at 14,683.50. “The Index is trading in a range between 14,450 and 14,900. The markets have been trading in a confused state…

Market loses 1% on weak global cues but FY21 best ever in absolute terms

After closing strong in the previous session, the benchmark indices lost a percent on the last day of the financial year 20-2021. At close, the Sensex was down 627.43 points, or 1.25 percent, at 49,509.15 and the Nifty was 154.40 points, or 1.04 percent, lower at 14,690.70. “Weak cues from across the globe forced the…

Sensex up 568 points, Nifty above 14,500 as midcaps outperform

After two days of selloff, Indian markets started the April series on a positive note, with the Sensex gaining 568.38 points, or 1.17 percent, to close at 49,008.50 and the Nifty ending 182.40 points, or 1.27 percent, higher at 14,507.30 on March 26. “Equity market has been consolidating under fear of losing its traction of…