Market extends losing streak for third consecutive session
At close, Sensex was down 502.25 points or 0.62% at 80,182.20, and the Nifty was down 137.15 points or 0.56% at 24,198.85.
At close, Sensex was down 502.25 points or 0.62% at 80,182.20, and the Nifty was down 137.15 points or 0.56% at 24,198.85.
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.
Stock Market erased some of the previous session gains to end lower. Selling was seen in the IT, metal, oil & gas and FMCG names, while buying in realty, PSU bank, media restricted further fall.
The surge in the Indian stock market on Friday helped the Indian benchmark indices end the week on a positive note.
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.
Nifty 50 opened higher at 22,614.10, and sustaining a consistent rally climbed to an all-time high of 22,993.60. However, at close, the Nifty 50 was at 22,967.65, up 369.85 points, or 1.64 per cent.
It is noteworthy that the pre-election rally has already pushed the stock market to a record market capitalization of USD 5 trillion.
Sensex closed 53 points, or 0.07%, lower at 73,953.31, while the Nifty 50 ended the day 27 points, or 0.12%, higher at 22,529.05.
During an interview with NDTV, Kishor said that BJP’s failure to secure its own target of 370 seats may reflect investors’ disappointment in the stock markets.
In an interview with the NDTV Profit, the Prime Minister expected a stock market rally within a week of the June 4 election results due to the positive impact of the government’s policies on investor confidence.
