Global market volatility, along with domestic economic concerns, are believed to have driven the steep decline. Investors remained cautious amid fears of rising inflation, higher interest rates, and geopolitical tensions affecting market sentiment.
In the early trade, the 30-share BSE Sensex declined 233.98 points to 81,967.18. Meanwhile, the Nifty was also down by 60 points to 25,085.10 points.
The stock market will be closed for a total of nine days in September, but these closures are limited to regular weekends -- comprising four Saturdays and five Sundays. According to the NSE website, there are no additional weekday holidays scheduled for the month.
In the early trade, the 30-share BSE Sensex climbed 264.85 points to 82,617.49. Meanwhile, the Nifty was also up by 76.75 points to 25,275.45 points.
The 30-share BSE Sensex declined 541.08 points to 82,014.36 after a weak beginning. Meanwhile, the NSE Nifty also dropped 174.10 points to 25,105.75
While the Sensex faced a slight downward pressure, the Nifty stayed in the green, albeit with a marginal increase.
In the early trade, the 30-share BSE Sensex was down by 60.38 points to 82,499.46. Meanwhile, the Nifty also fell by 11.90 points to 25,266.80.
In the early trade, the 30-share BSE Sensex climbed 164.27 points to 82,554.04. Meanwhile, the Nifty was also up by 58.35 points to 25,299 points.
The upward movement in the market was driven by positive investor sentiment, strong global cues, and buying interest in key sectors such as IT, banking, and energy. Analysts attributed the surge to favourable economic data and robust corporate earnings, which have bolstered market confidence.
Positive cues from global markets and sustained buying in select heavyweight stocks contributed to the early gains. Key sectors including IT, financials, and energy showed strength, bolstering overall market sentiment.
BSE's Sensex has gained for the fourth straight session on Friday, while Nifty rose for the seventh straight session. In Asian markets, only HongKong opened green while Seoul and Tokyo traded lower.
The stock markets opened higher on Thursday, fueled by optimism about a potential US Federal Reserve rate cut in September and easing geopolitical tensions. Analysts predict new all-time highs for Nifty and Sensex next week.
Global oil benchmark Brent crude fell by 0.79% to USD 77.05 per barrel. On Monday, the BSE benchmark slipped slightly by 12.16 points to 80,424.68, while the NSE Nifty edged up by 31.50 points to 24,572.65 amid volatile trading conditions.
After following global sentiments last week, the Indian stock market incidence gained in the opening session. Meanwhile, Asian markets showed mixed responses.
The early gains indicate continued momentum in the markets, with both major indices showing strong upward trends as trading progresses.
The benchmark indices opened slightly lower on Tuesday. The BSE Sensex was down 42 points, trading at 79,607, while the NSE Nifty50 dropped 10 points to 24,337 in early trading. The market sentiment was dampened by a 2% fall in HDFC Bank shares, contributing to the overall decline.
Indian equity markets opened lower on Monday as investor sentiment was shaken by a Hindenburg Research report. Major indices Sensex and Nifty saw significant declines, with Adani group stocks being among the hardest hit.
Closing market news: On the Bombay Stock Exchange (BSE), 2,345 shares closed in the green, 1,562 shares in the red, and 99 shares with no change. The reason for the rise in the market is being attributed to the greater-than-expected decline in the number of jobless claims in the US.
The stock market opened with a strong bullish trend on Friday, with the Sensex rising by 800 points and the Nifty crossing the 24,350 mark. IT stocks led the gains, and broader markets also showed significant strength.
The stock markets witnessed a strong early trade recovery, with Sensex and Nifty showing substantial gains. The Sensex rose by 1,046.13 points to 79,639.20, while the Nifty surged by 313.9 points to 24,306.45, indicating positive investor sentiment and market momentum.
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