Market records steepest weekly declines in over two years
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%.
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.
At close, the Sensex was down 1,064.12 points or 1.30 per cent at 80,684.45, and the Nifty was down 332.25 points or 1.35 per cent at 24,336.
Benchmark indices ended sharp recovering from the day's low in a highly volatile session, and ended strong led by auto, bank, telecom and FMCG names.
At close, the Sensex was up 16 points or 0.02% at 81,526, and the Nifty was up 32 points or 0.1% at 24,642.
On the broader front, the S&P BSE MidCap ended flat at 15,155.04, up by 0.01 per cent, whereas SmallCap was up by 0.35 per cent at 15,025.51.
On the other hand, the index’s laggards were led by Bharti Airtel followed by UltraTech Cement, Maruti and Asian Paints.
BSE bankex, finance, industrials, auto and consumer durables indices rose up to 1.23 per cent, while realty, utilities, FMCG, metal and IT closed with losses.
On the other hand, PowerGrid, M&M, Tech Mahindra, Titan, NTPC, Bajaj Auto and UltraTech Cement were among the laggards.
On a weekly basis, Sensex and Nifty gained 1.47 per cent and 1.72 per cent respectively.
