Stock Market ends in the red; rupee touches a record low
The Indian Stock Market ended lower on Friday amid weakness in select sectors while the Indian rupee also touched a record low, weighing on market sentiment.
The Indian Stock Market ended lower on Friday amid weakness in select sectors while the Indian rupee also touched a record low, weighing on market sentiment.
The bloodbath on Dalal Street on Tuesday continued with the benchmark indices, the BSE Sensex and the Nifty 50, declined for the fourth consecutive session amid mixed global cues.
Indian stock market declined on Friday amid rising crude oil prices and weak global market trends.
Indian Stock Market on Tuesday pared losses from previous session amid broad-based selling, led by financial, IT, and auto stocks.
Investors earned about Rs 6 lakh crore as the overall market capitalisation of BSE-listed firms rose to Rs 451 lakh crore from nearly Rs 445 lakh crore in the previous session.
At the close, the Sensex was up 943.52 points, or 1.17%, at 81,666.46, while the Nifty gained 262.95 points, or 1.06%, to close at 25,088.40.
Talking about the recalibration of the Securities Transaction Tax (STT) mentioned in the budget, BSE's MD and CEO Sundararaman Ramamurthy said that it is designed to discourage speculation and encourage investor focus on long-term equity participation.
At the close, the Sensex rose 487.20 points, or 0.60 per cent, to settle at 82,344.68, while the Nifty gained 167.35 points, or 0.66 per cent, to end at 25,342.75.
Indian stock markets are closed on Monday on account of Republic Day celebrations, with trading remaining shut across both major stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
At close, the Sensex was down 270.84 points or 0.33% at 81,909.63, and the Nifty was down 75 points or 0.30% at 25,157.50.
