Benchmark indices rebound after three days of decline
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, saw open interest of 399,188 contracts worth $20.84 billion (about Rs 1,74,275 crore), said the National Stock Exchange (NSE).
Shares of Bajaj Housing Finance made a strong debut on stock markets on Monday.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
GIFT Nifty recorded all-time high monthly turnover of $100.13 billion in August, setting a new benchmark to the growth story of Indian equity market.
The S&P BSE Sensex ended 0.7 percent lower at 37,123.31 and the NSE Nifty 50 ended 0.65 percent lower at 11,003.50. The broader markets represented by the NSE Nifty 500 Index closed 0.46 percent lower.
The S&P BSE Sensex index fell as much as - 163.21 points or ( 0.44 per cent) to 37,221.78, and the broader NSE Nifty benchmark moved to as low as 10,026.95, down - 49.40 points (0.45 per cent) from the previous close.
After switching direction at least eight times during the session S&P BSE Sensex moved in a range of 413.41 points, before settling with a gain of 280.71 points at 37,384.99 for the day.
Industrial production growth slipped to 4.3 per cent in July from 6.5 in August.
Big names such as Reliance Industries, Axis Bank, Maruti Suzuki, and ITC contributed the most to the losses on the Sensex. Yes Bank shares slumped 5.10 per cent or Rs. 3.65 to close at 67.95 on the BSE.
