Benchmark indices closed with little change on Thursday in yet another volatile session, with the Nifty at 23,750 led by auto, pharma, energy stocks. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or at 23,750.20.
The Nifty 50 closed 0.11% lower, settling at 23,727, while the Sensex ended with a minor 0.09% drop at 78,472.
At close, the Sensex was up 498.58 points or 0.64% at 78,540.17, and the Nifty was up 165.95 points or 0.70% at 23,753.45.
At close, Sensex ended near the 78,000 mark, shedding 1.5% from the previous session, while the Nifty fell below 23,600, also down 1.5%.
Benchmark indices tumbled over 1% on Thursday marking their fourth consecutive session of decline. The decline came amid global market weakness weighing heavily on investor sentiment.
The maxim ‘truth is stranger than fiction’ plays out daily in our lives. On the one hand, tax collections, Sensex and sales of high-end vehicles are at record levels and people were seen queuing up to buy gold on Dhanteras but on the other, the subsidised ration scheme had to be extended for five years and the extraordinarily large number of people applying for work under MNREGA, resulted in budgeted funds getting exhausted by mid-year.
As the market unfolded, the benchmark Sensex experienced a dip of 120.45 points, commencing at 65,555.48.
The Sensex ended the special one-hour session up 355 points at 65,259 points.
Market history tells us that sharp up moves in the market happen at unexpected times. It appears that this truism is turning out to be true
The BSE Sensex is down by more than 800 points to fall below the 64,000 points mark on Thursday.
