Earnings of BSE Sensex companies will contract by up to 8 per cent in 2020-21 on the broader economic worries, and hopes of gains in equities should be pinned on a decrease in infections or a fiscal stimulus, an analyst said on Tuesday.
Equity benchmark Sensex rose 114 points on Thursday as investors accumulated FMCG, auto and IT stocks amid gradual reopening of the economy.
Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets.After rallying over 700 points in a volatile session, the 30-share index finished 167.19 points or 0.56 per cent higher at 30,196.17.
Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points.
Benchmark Sensex gave up all its early gains to end 81 points lower on Monday, dragged by losses in financial stocks as lenders beefing up provisions against COVID-19 risks stoked slippages worry.
Extending its gains for the second session, equity benchmark Sensex jumped 371 points on Tuesday driven by aggressive buying in financial stocks amid hopes of another stimulus package by the government.
Equity benchmark Sensex surged over 483 points on Thursday, tracking gains in IT and banking stocks as expectations of another stimulus package from the government enthused investor sentiment.
Market benchmark Sensex jumped 743 points on Wednesday, propelled by index heavyweight RIL after Facebook announced it will pick up 10 per cent stake in Jio Platforms for USD 5.7 billion.
Equity benchmark Sensex plummeted over 1,203 points on Wednesday, in line with a global selloff as investors fretted over the impact of prolonged worldwide lockdowns due to the Covid-19 pandemic.
Share Market Crash: Share markets saw their biggest on-day fall on Thursday amid Coronavirus pandemic across the globe.
On Wall Street overnight, the Dow fell into bear market territory, with a loss that dragged it 20% below the record set last month. The broader S&P 500, which professional investors watch more closely, is a single percentage point away from falling into its own bear market, which would end the longest bull market in Wall Street history.
At 1 pm, S&P Sensex index plummeted as much as 2,100 points to hit 35,543 after opening 1,176.49 points down in the early trade on Monday. The broader NSE Nifty benchmark hit a 15-month-low, down by 588.90 at 10,400.
The S&P Sensex index plummeted as much as 1,176.49 points to hit 36,400.13 in the first few minutes of trade
Market benchmark Sensex plunged 894 points on Friday following intensifying rout in global stocks on coronavirus concerns, while the regulatory curbs on Yes Bank further soured sentiment.
Snapping its seven-day falling streak, equity benchmark Sensex rallied 480 points on Tuesday after gains in index heavyweights Reliance Industries, ICICI Bank and Kotak Bank amid positive cues from global markets.
Benchmark Sensex ended 82 points lower after a highly volatile session on Tuesday, extending losses for a third day, as investors continued to weigh the financial impact of the coronavirus pandemic on the global economy.
Vodafone Idea's shares on Wednesday closed over 38 per cent amid reports that the government in unlikely to invoke the company's bank guarantees as of now. On the BSE, the stock gained as much as 48.18 per cent to Rs 4.49 during the day.
Equity indices clawed back lost ground on Wednesday after a four-session falling spree as investors took heart from a decline in new coronavirus cases in China and the Indian government's assurance on tackling the economic impact from the epidemic.
Shares of Oil and Natural Gas Corporation fell over 3 per cent on Monday after the company posted halving of its December quarter net profit.
Returning to its pre-budget level, market benchmark Sensex zoomed 917 points on Tuesday, helped by hectic buying across the board as investors seemed relieved sensing stability in global markets. The 30-share BSE Sensex settled 917.07 points, or 2.30 per cent, higher at 40,789.38. It hit an intra-day high of 40,818.94.
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