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.
Meanwhile, after a massive surge of 9 per cent during the early trade, Yes Bank remained the top gainer on the chart with 3.33 per cent or Rs 68.30 per share at 1130 hours.
Sensex rose as much as 291.55 or 0.73 per cent, gaining for the seventh straight session over the strong inflow of foreign funds.
The jump comes after the central government took initiatives to compete with the ongoing slowdown in the Indian economy.
At 1200 hours the Market benchmark BSE Sensex was running at 40,057.39 over 200 points or 0.57 per cent from its previous close of 39,831.84
At 1200 hours, the broader NSE Nifty index was at 11,753.55, up 126.40 points or 1.09 per cent high from its previous close.
