Market ends flat in rangebound session amid tariffs concern
At close, the Sensex was down 7.51 points or 0.01% at 74,332.58, and the Nifty was up 7.80 points or 0.03% at 22,552.50. For the week, BSE Sensex added 1.5% and Nifty jumped 2%.
At close, the Sensex was down 7.51 points or 0.01% at 74,332.58, and the Nifty was up 7.80 points or 0.03% at 22,552.50. For the week, BSE Sensex added 1.5% and Nifty jumped 2%.
Benchmark indices on Wednesday bounced back sharply with Nifty finishing above 22,300, breaking a 10-day losing streak.
With today's fall, the Nifty50 closed in the negative zone for the tenth session in a row, while Sensex ended lower for third day.
Benchmark indices plunged nearly 2% on Friday, dragged down by a broad-based sell-off wiping out Rs 8.8 lakh crore in market capitalization. For the week, the total wealth erosion has been recorded at ₹20 lakh crore.
At close, Sensex was up 10.31 points or 0.01% at 74,612.43, and the Nifty was down 2.50 points or 0.01% at 22,545.05.
Nifty 50 index started at 24,320.05, down by 47.45 points or 0.19%, while the BSE Sensex saw a more significant drop, opening at 79,296.67, down by 409.24 points or 0.69%.
Sensex closed 820 points, or 1.04%, higher at 79,705.91, while the Nifty 50 ended with a gain of 251 points, or 1.04%, at 24,367.50.
Among the sectors, auto, bank and oil & gas were down 0.5% each, while IT, metal, realty up 0.3-0.8%.
Nifty 50 plunged 824 points, falling below 24,000 for the first time since late June, while Sensex dropped by 2,686 points to an intra-day low of 78,295.
Things were rolling along fine for the markets until the FED meeting. Thursday, saw US markets fall as thoughts of an impending recession hit the markets overseas.
