Sensex drops 740 points on rising COVID cases, auto stocks crack
News | March 25, 2021 21:20 ISTEquity benchmark indices closed nearly 1.5 per cent lower on Thursday amid concerns over rising coronavirus infections and weak global cues.
Equity benchmark indices closed nearly 1.5 per cent lower on Thursday amid concerns over rising coronavirus infections and weak global cues.
Equity benchmark indices traded in red with thin margins during early hours on March 22 tracking mixed cues from Asian markets. At 10:20 am, the BSE SandP Sensex was down by 278 points or 0.6 per cent at 49,580 while the Nifty 50 fell by 57 points or 0.4 per cent to 14,686. Most sectoral indices at the National Stock Exchanges were in the negative terrain expected from Nifty pharma which was up by 1.3 per cent while realty was up by 1.2 per cent. Nifty FMCG, metal and IT also gained marginally. Nifty private bank slipped by 0.9 per cent, financial services by 0.7 per cent. Among stocks, Powergrid and IndusInd Bank skidded by 2 per cent each while Reliance fell by 1.9 per cent to Rs 2,041 per share.
Equity benchmark Sensex tumbled over 300 points in early trade on Monday, tracking losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a weak trend in global markets.
Equity benchmark Sensex tanked over 600 points in early trade on Friday, tracking losses in HDFC Bank, L&T, and Reliance Industries amid negative cues from global markets.
Shares of MTAR Technologies on Monday made a blockbuster debut with a premium of 85 per cent against its issue price of Rs 575. It listed at Rs 1,063.90, registering a gain of 85 per cent from the issue price on BSE. Later, it jumped 95.65 per cent to Rs 1,125. On NSE, it debuted at Rs 1,050 - a premium of 82.60 per cent.
Kia Corporation, South Korea's second-biggest carmaker, on Monday revealed the design of the EV6, its first dedicated all-electric model built on Hyundai Motor Group's EV platform, ahead of its global unveiling later this month.
The National Stock Exchange halted trading on its platform for around four hours on Wednesday causing mayhem among investors and brokers.
From March 31, there will be changes to revision in the index reconstitution date, stock capping, quarterly rebalancing of shares and investible weight factors, and calculation of Price to Earnings (P/E) ratio for indices.
Equity benchmark indices gave up early gains during volatile trade on Tuesday and closed in the red. Market experts said traders booked profit across counters to realign their portfolios.
Equity benchmark Sensex rallied over 300 points to scale a new record peak in early trade on Tuesday driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid positive trends in global markets.
Equity benchmark Sensex rallied over 610 points to finish above the 52,000-mark for the first time on Monday, tracking significant gains in financial stocks amid a positive trend in global markets.
Equity benchmark Sensex rallied over 500 points to scale its fresh lifetime high in opening trade on Monday tracking gains in index-heavyweights HDFC twins, ICICI Bank, and Kotak Bank amid positive trends in global markets.
Extending its winning streak to the sixth session, equity benchmark Sensex rallied 617 points to end above the 51,000-mark for the first time on Monday, tracking strong gains in Infosys, ICICI Bank and Reliance Industries amid a positive trend in global markets.
BSE Sensex on Thursday jumped over 325 points (0.64 per cent) to hit the 51,000-mark for the first time in early trade. The broader Nifty 50 index also crossed the crucial 15,000-mark.
The shares of Stove Kraft will be listed on the BSE and NSE on Friday. Stove Kraft shares in the grey market are quoting a premium of Rs 35-40 apiece.
Equity benchmark indices erased early gains and traded flat during early hours on January 29 ahead of the Economic Survey to be tabled in Parliament.
Domestic equity market benchmarks BSE Sensex and Nifty 50 on Thursday were trading at fresh record highs. While BSE Sensex jumped over 240 points (0.50 per cent) to hit 50,000-mark for the first time ever, the broader Nifty 50 index crossed the crucial 14,700-mark. For the BSE Sensex, it took a little over three months to climb from 40,000 to 50,000 points. It took just nine sessions to gain 1,000 points from 49,000 points.
Equity benchmark Sensex dropped over 200 points in early trade on Monday tracking losses in index majors Infosys, HDFC and TCS amid a mixed trend in global markets.
Equity benchmark indices began the first trading session of year 2021 on a positive note with the possibility of touching new height.
The National Stock Exchange breached the psychological 14,000 mark for the first time to trade at 14007.5 at 10:40 am.
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