Sensex dips by 365 points ; RIL down 4 per cent
This is the second consecutive day of the slump in the benchmark Sensex. The index had lost 866.65 points or 1.56 per cent on Friday, the previous trading session.
This is the second consecutive day of the slump in the benchmark Sensex. The index had lost 866.65 points or 1.56 per cent on Friday, the previous trading session.
Earlier, the Nifty opened deep in the red at 16,924.45 points and slumped to a low of 16,917.25 points in the morning trade. The Nifty rose to a high of 17,092.25 points in the intra-day.
Even though the indices are in the green, analysts expect volatility to continue in Dalal Street.
On Monday, Sensex settled at 56,580 points, down 1.1 per cent, whereas Nifty was at 16,985 points, down 1.1 per cent.
At 9:30 am, the BSE Sensex was up by 358.67 points or 0.63 per cent at 57,396.17.
In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed.
Upon seeing such a sharp rally in prices, the stock exchanges have sought clarification from the company.
A sudden selloff in the last few minutes of trading dragged the key indices down for the fifth consecutive session.
The broader Nifty 50 of the National Stock Exchange fell 109.40 points or 0.62 per cent to 17,674.95 points against its previous session's close at 17,784.35 points. The Nifty had gained 144.80 points or 0.82 per cent on Friday.
"Volatility increased as the market approached the RBI policy meeting outcome. The latest sectoral outperformers like metals, power and oil & gas sectors were the most hit including mid & small caps"
