Benchmark indices face first weekly decline, steepest in 20 weeks
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
range bound movement of the market is likely to be broken with an upward move soon, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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.
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.
Ruchi Soya Industries issued FPO thee days back.an FPO is a follow on issuance of shares after the initial IPO.…
Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 per cent from its previous close of 49,792.12.
The FPO issue will open from July 15 to July 17 and bidding by anchor investors will be held on July 14.
At 12.21 pm S&P BSE Sensex fell by 408.43 points at 27,856.88 and Nifty50 was at 8,132.65 down by 121.15 points.
The Sensex was -37.71 points or 0.09 per cent low at 40,307.37 at 1230 Hours.
At the interbank foreign exchange, the rupee opened weak at 71.96 and fell further to 72.05 against the US dollar.
