Indices close 2% lower, wave of broad-based selling sweeps market
The decline was driven by escalating Middle East tensions, SEBI's tightening grip on F&O trading, and a surging Chinese market luring away foreign investors.
The decline was driven by escalating Middle East tensions, SEBI's tightening grip on F&O trading, and a surging Chinese market luring away foreign investors.
At close, the Sensex was down 33.49 points or 0.04% at 84,266.29, and the Nifty was down 13.95 points or 0.05% at 25,796.90.
At close, the Sensex was down 1,272.07 points or 1.49% at 84,299.78, and the Nifty was down 368.20 points or 1.41% at 25,810.80.
The Indian equity indices witnessed a sharp rally last week as Sensex and Nifty both made new all-time highs of 85,978.25 and 26,277.35 respectively. Now, the market outlook for next week looks very positive
Nifty 50 rose by 0.23%, reaching a fresh all-time high of 26,277 during the trade while Sensex hit a new peak of 85,978.
On the Sensex chart, Axis Bank, Tech Mahindra, ONGC, Dr Reddy's, Bajaj Finance and Sun Pharma were major laggards.
Gains in Reliance, TCS, Infosys, HCL Tech, HDFC and ICICI Bank also helped the barometer extend its rally for a second day.
The gainers on the Sensex pack were led by Bajaj Finserv, rising nearly 5 per cent, followed by Bajaj Finance, Larsen, Asian Paints, Reliance Industries, Bajaj Auto, Axis Bank and HDFC.
Global markets retreated as rising COVID-19 cases clouded optimism over economic recovery, even as Chinese shares rose after positive GDP data.
HDFC Bank, HCL Tech, SBI, Tech Mahindra and ICICI Bank were among the gainers.
