Rs 14 lakh cr M-cap eroded in a day; Sensex below 26,000

    It was a fast and furious fall we witnessed on D-Street which pushed the S&P BSE Sensex below 26,000 while the Nifty50 plunged more than 1,000-points to break multiple support levels on its way down. Investors lost nearly Rs 14 lakh cr in terms of market capitalisation. The average market capitalisation of the BSE-listed companies…

    BSE Bankex, Realty, Auto, Finance, Energy indices plunge over 10% each

    A sharp selloff engulfed equities from all sectors as the BSE Bankex, Realty, Auto, Finance and Energy indices fell over 10 percent each in the morning trade on March 23. All sectoral indices were in the red, falling between 5 percent to 12 percent. Among the bank and financial stocks, shares of City Union Bank,…

    Sensex, Nifty hit lower circuits: What does it mean?

    Indian equity benchmarks Sensex and Nifty hit their 10 percent lower circuits in early trade on March 23. Consequently, trading on Dalal Street was halted for 45 minutes. Indian stock exchanges have been implementing index-based market-wide circuit breakers since July 2, 2001, based on the Securities and Exchange Board of India (SEBI) guidelines. The…

    Nifty snaps 4-day losing streak, logs biggest single-day gain in 6-months

    Thank God It’s Friday. Finally, there is some green on the trading screen. Indian market on March 20 snapped a four-day losing streak tracking positive global cues. The Nifty50 rallied nearly 6 percent to post its biggest single-day gain since September 20, 2019 when the index rose 5.3 percent. The S&P BSE Sensex closed a…

    Volatile Thursday! Sensex, Nifty, Nifty Bank @3-yr low

    What a day it has been for Indian markets. A ray of hope when Sensex turned green but bears hammered benchmark indices below their crucial support levels. The Nifty50 closed below 8,300 while the S&P BSE Sensex closed below 29,000. The S&P BSE Sensex, Nifty50, and Nifty Bank hit a fresh 3-year low amid the…

    Another 3-year low for Sensex, Nifty; what should investors do?

    Bloodletting continued in the markets on March 18 as well, as benchmark indices hit a new three-year low, tracking a selloff in global equities.  The BSE Sensex broke below 29,000, while the Nifty breached its Friday’s panic low of 8,555, suggesting that the selling pressure is unlikely to abate anytime soon. Let’s look at the…

    Trade Setup for Wednesday: Top 15 things to know before Opening Bell

      Fears of a coronavirus-induced global recession once again lopped off early gains as benchmark indices on March 17 logged in heavy losses for the fourth consecutive session. Equity barometer Sensex failed to hold intraday gains and closed with losses due to fag-end selling. The 30-share pack closed with a loss of 811 points, or…

    Indices hit fresh 3-yr low as Nifty breaches 9,000; support likely at 8,555

    Indian market reversed in the last hour the gains it had made during the day on March 17 tracking muted global cues. Nifty broke below 9,000 levels, while Sensex breached 31,000 as both the indices hit fresh 3-year low. Let’s look at the final tally on D-Street on March 17 – the S&P BSE Sensex…

    Manic Monday! Investors lose Rs 7.6 lakh cr; RBI says ready to act

    Another Monday but the same old story. Tracking selloff in global markets, both the Sensex and the Nifty slipped below their crucial support levels on March 16. The Nifty hit a fresh three-year low while the S&P BSE Sensex had its worst day in 30 months. The S&P BSE Sensex broke below 32,000 and the…

    Bulls in party mood on Friday, Sensex back above 34,000

    Indian shares staged a smart recovery after trading was halted for 45 minutes in the morning when both the Sensex and the Nifty hit the lower circuit. Markets turned around quickly after trading resumed, thanks to positive global cues. After falling more than 3,000 points in the early trade, the S&P BSE Sensex staged a…