Market bounces back sharply with Nifty finishing above 22,300
Benchmark indices on Wednesday bounced back sharply with Nifty finishing above 22,300, breaking a 10-day losing streak.
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.
The stock market extended the losses to the fourth session on Wednesday and ended marginally lower in the highly volatile session. At close, the Sensex was down 28.21 points or 0.04% at 75,939.18, andthe Nifty was down 12.40 points or 0.05% at 22,932.90.
Sensex opened lower at 75,031.79, and climbed in the afternoon session to touch its all-time high of 76,795.31. Further at close, it was at 76,693.36, up 1,618.85 points, or 2.16%.
Sensex opened higher at 75,078.70, and closed at 75,074.51, up 692.27 points, or 0.93%.
The stock market opened on a positive note on Thursday, buoyed by NDA unanimously announcing PM Narendra Modi's third term, to take oath as prime minister on Saturday.
Sensex opened higher at 73,027.88, and touched an intraday high of 74,534.82.
BSE Midcap and smallcap indices were also down 4% each. All the sectoral indices are trading in the red with PSU Bank down 9%.
