Sensex Falls

Sensex, Nifty slump 1.7%; depreciating rupee weighs on foreign investor flows

As the country celebrates its Platinum Independence anniversary, here's a throwback on the many events that that recalls the key moments that shaped Indian markets and brought it to where it is today

As the country celebrates its Platinum Independence anniversary, here's a throwback on the many events that that recalls the key moments that shaped Indian markets and brought it to where it is today

The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent

A weakening rupee and persistent foreign fund outflows also weighed on sentiment, traders said

In comparison, the index was trading at a P/E multiple of 34.4x at the end of March and 31.7x when it hit the all-time high last October

Sensex and Nifty indices erased all the gains clocked this year amid soured global sentiment. Another bout of selling can drag over 50% of Nifty500 stocks below their crucial support levels

The BSE Sensex has shed 1,844 points from Monday's close ending at 59,464 level today, way below the 60K-mark.

The long-due correction seems to be playing out on Dalal Street as key indices have fallen over six per cent from record-high levels. Where are the markets headed as per tech charts? Let's find out

Reliance Industries declined by 1.91 per cent, Kotak Bank by 1.51 per cent, Bharti Airtel by 1.39 per cent and Titan by 1.2 per cent

Reliance Industries was the only scrip to post gains in its market valuation among the top 10 valued companies

The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec.21; PSU banks and IT worst hit

Only RIL and SBI emerged as gainers from the top 10 most-valued companies list

A sharp jump in coronavirus (Covid-19) cases in India weighed on investor sentiment.

Shares of Axis Bank also fell as much as 5.4 per cent, but recouped most of the losses to end just 0.2 per cent lower

Sensex falls 1,011 points, Nifty closes below 9k

Govt should seize the opportunity to improve its finances

Sensex fell 336 points, or 0.82 per cent, to end at 40,794; Nifty closed at 12,056, down by 95 points or 0.8 per cent

Counters such as PSU banks, realty, and media fell like ninepins.

Bank treasuries, and perhaps the RBI are closely tracking the yuan movement, and are devising strategies accordingly