Sensex, Nifty fall for 3rd straight day on inflation, rate hike worries
March 25, 2022 18:03 ISTThe 30-share BSE benchmark dropped 233.48 points or 0.41 percent to settle at 57,362.20. During the day, it tanked 495.44 points to 57,100.24.
The 30-share BSE benchmark dropped 233.48 points or 0.41 percent to settle at 57,362.20. During the day, it tanked 495.44 points to 57,100.24.
The 30-share BSE Sensex declined 89.14 points or 0.15 per cent to settle at 57,595.68. During the day, it touched a low of 57,138.51 and a high of 57,827.99.
In the run-up to the mega IPO, on February 13, the government had filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September. The DRHP got Sebi approval early this month.
The 30-share BSE index closed 1,047.28 points or 1.84 per cent higher at 57,863.93. Likewise, the NSE Nifty surged 311.70 points or 1.84 per cent to end at 17,287.05.
Established in 1875, BSE, formerly known as Bombay Stock Exchange, is Asia's first stock exchange. In 2017, it became the 1st listed stock exchange of India.
The 30-share BSE index closed at 1,039.80 points or 1.86 percent higher at 56,816.65. Likewise, the NSE Nifty jumped 312.35 points or 1.87 percent to end at 16,975.35.
The 30-share BSE Sensex opened in the green and further jumped 1,469.64 points or 2.75 per cent to 54,893.73 during the day.
LIC IPO would see sale of 31.6 crore shares or 5 per cent stake of the government. Employees and policyholders of the insurance behemoth would get a discount over the floor price.
The 30-share BSE Sensex opened in the green and further jumped 444.51 points or 0.83 per cent to 53,868.60. Similarly, the NSE Nifty climbed 117.10 points or 0.73 per cent to 16,130.55.
Domestic indices reversed its trend and traded with gains led by export-oriented sectors like Pharma and IT which witnessed buying interest as the rupee fell to its record lows.
On Monday, the Sensex ended at 52,842.75, down 1,491.06 points or 2.74 per cent, while the Nifty tanked 382.20 points or 2.35 per cent to finish at 15,863.15.
Higher crude oil prices are leading to weakness in the rupee whereas relentless selling by FIIs is also causing pressure in our market
On the domestic equity market front, the 30-share Sensex ended 1,491.06 points or 2.74 per cent lower at 52,842.75, while the broader NSE Nifty plunged 382.20 points or 2.35 per cent to 15,863.15.
TCS buyback offer will open on March 9 and the window will close on March 23 at 5 pm, according to a statement issued by the company.
Sensex tumbled more than 1,600 points to trade below 52,700 on Monday morning while Nifty slumped more than 440 points to trade below 15,800.
Continuing its decline for the second day, the BSE gauge plummeted 1,148.05 points or 2 per cent to 53,954.63.
In Asia, bourses in Tokyo, Hong Kong, Seoul and Shanghai were trading with deep losses in mid-session deals. Stock exchanges in the US finished sharply lower in the overnight session.
It is always advisable to invest in Bootstrapping manner in quality stocks where investors park a certain amount on every fall and take the advantage of tentative fall.
Snapping their seven-day losing streak, the BSE Sensex climbed 1,328.61 points or 2.44 per cent to settle at 55,858.52, while the NSE Nifty went soared 410.45 points or 2.53 per cent to 16,658.40.
On Thursday, the Sensex crashed over 2,700 points -- its biggest single-day plunge in about two years; and the Nifty nosedived 815 points. The bloodbath on Dalal Street plunged investor wealth by over Rs 13 lakh crore.
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