Market resumes downward march, most sectors in red
Share market fell sharply with BSE Sensex closing about 850 points down from the day’s high and NSE Nifty ending below the 23,650 mark.Both indices slipped over 1 per cent from their intraday highs
Share market fell sharply with BSE Sensex closing about 850 points down from the day’s high and NSE Nifty ending below the 23,650 mark.Both indices slipped over 1 per cent from their intraday highs
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
range bound movement of the market is likely to be broken with an upward move soon, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Earlier, the Nifty opened deep in the red at 16,924.45 points and slumped to a low of 16,917.25 points in the morning trade. The Nifty rose to a high of 17,092.25 points in the intra-day.
On Monday, Sensex settled at 56,580 points, down 1.1 per cent, whereas Nifty was at 16,985 points, down 1.1 per cent.
Ongoing global trade war concerns and surging global crude prices caused some discomfort for the rupee and restricted the gains.
The BSE Sensex, which had opened at 36,691.93 points, closed at 36,324.17 points, down 218.10 points, or 0.60 per cent, on its previous close of 36,542.27 points.
BSE Sensex, which had closed at 36,542.27 points on Wednesday, opened higher at 36,691.93 points; at NSE, the broader 51-scrip Nifty that had closed at 11,053.80 points on Wednesday was quoting at 11,062.20 points, up by 8.40 points or 0.08 per cent
Meanwhile, the BSE benchmark Sensex recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade Wednesday.
Jaitley says external factors like US policies, trade war, and crude oil prices are impacting economies like India
