Equity benchmark Sensex tumbled over 300 points in early trade on Friday, tracking losses in index majors Reliance Industries, HDFC twins and ICICI Bank amid a weak trend in global markets.
Equity benchmark Sensex inched higher by 55 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Bajaj Finance and Infosys amid sustained foreign fund outflows.
Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said.
Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets.
In the previous session, Sensex slipped 52.94 points or 0.10 per cent to 52,275.57, and Nifty declined 11.55 points or 0.07 per cent to end at 15,740.10.
Equity benchmark Sensex jumped over 150 points on Monday tracking gains in index heavyweights ICICI Bank, ITC and SBI amid sustained foreign fund inflow and mixed cues from global markets.
In the previous session, Sensex ended 1,128.08 points or 2.30 per cent higher at 50,136.58, and Nifty settled at a nearly two-week high of 14,845.10.
The popular mobile gaming and e-sports company listed at a premium listing nearly 81 per cent (Rs 1,990) on its issue price of Rs 1,101 on the National Stock Exchange (NSE).
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India were closed on Monday on account of Eid-ul-Fitr. Wholesale commodity markets including metal and bullion were also shut.
Shares of 2,011 BSE-listed companies ended in the red on Friday, as benchmark indices plummeted to nearly five-month lows on rising fears of the coronavirus outbreak turning into a pandemic and derailing global growth
Shares of Infosys jumped 1.44 per cent after the government said it was working with the managed service provider for the goods and services tax (GST) regime, to improve the performance of GSTN filing portal on a permanent basis. On the other hand, HUL, Nestle, Asian Paints and Tech Mahindra was trading in the red.
According to traders, market mood turned bearish after government data on Monday showed that retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier.
In the previous session, the 30-share Sensex settled 35.98 points or 0.09 per cent, higher at 40,165.03. The Nifty advanced 13.15 points, or 0.11 per cent, to close at 11,890.60.
Bulls took over the market after the government slashed corporate tax rates for companies by almost 10 percentage points to 25.17 per cent to bring them at par with Asian rivals such as China and South Korea.
The Bombay Stock Exchange on Wednesday donated Rs 5 lakh towards the Chief Minister's Relief Fund for flood relief works in Goa.
In the previous session, the 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22. Similarly, the broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35. On a net basis, foreign institutional investors sold equities worth Rs 2,888.06 crore, provisional data available with stock exchanges showed on Friday.
In the previous session, the 30-share gauge finished 394.67 points, or 0.99 per cent, lower at 39,513.39, and the Nifty sank 135.60 points or 1.14 per cent, to 11,811.15, after the Union Budget proposal to raise public shareholding threshold fanned fears of an oversupply of new papers in an already overbought market.
The rupee opened weak at 69.40 at the interbank forex market and then fell further to 69.48, down 12 paise over its last close. The rupee had settled at 69.36 against the US dollar on Tuesday.
The Reserve Bank of India's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy Thursday. The central bank had cut the short-term lending rate (repo rate) by 25 basis points each in its last two policy reviews.
Elsewhere in Asia, bourses in China, Japan and Korea were trading on a negative note in their respective early sessions.
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