Benchmark Sensex plunged 414 points on Tuesday, dragged by heavy losses in heavyweights HDFC Bank, RIL and ICICI Bank as investors fretted over the rising number of COVID cases in the country.
Equity benchmark Sensex rallied 522 points on Tuesday led by gains in banking stocks as investors seemed to gather more confidence from staggered opening of the economy by the government.
Equity benchmark indices gained nearly one per cent during early hours on Tuesday while tracking gains in Asian markets.
The impact of coronavirus is being seen on the New York Stock Exchange as Dow plunged 2,250 points at the opening on Monday. The sharp fall has been on the back of growing fears of coronavirus and drop in oil prices.
Dubai Exchange has closed trading floor to prevent the spread of coronavirus as people across the world continue to fall sick after getting infected by the deadly virus.
In the opening session, Sensex opens at 33,876.13, down by 1,821.27 points on Thursday. Nifty at 9,916.55, down by 541.85 points. The equity benchmark on Wednesday ended 62 points higher after a volatile session as risk sentiment remained subdued amid rising coronavirus cases in the country
Stocks went into a steep slide Monday on Wall Street as a combination of coronavirus fears and a crash in oil prices spread alarm through the market, triggering the first automatic halt in trading in over two decades to let investors catch their breath.
Stocks plunged 7% on Wall Street Monday, triggering a trading halt for 15 minutes. The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus. Indexes in London and Frankfurt dropped by more than 7%.
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.
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The Indian stock market continues to be upbeat about the country's growth prospects, despite deceleration in GDP growth for the sixth consecutive quarter, the Economic Survey 2019-2020 said, adding that the BSE Sensex has increased 7 per cent till December 2019 over March.
Budget 2020: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on February 1, 2020; the day on which Budget 2020 will be presented by Finance Minister Nirmala Sitharaman in the Lok Sabha. February 1 is a Saturday, a day on which stock markets are usually closed.
Markets regulator Sebi said it will entertain only those complaints, where an investor discloses his identity and provides supporting documents to substantiate an allegation. The Securities and Exchange Board of India (Sebi) in a statement said, it will not take any action on complaints, where it is not able to reach back to the complainants.
The biggest index contributor RIL, jumped over 3 per cent on the Nifty and Bharti Airtel as much as 8 per cent, but overall 34 scrips Nifty50 stocks traded in the red while only 16 advanced during the early trade.
Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE.
"Effective from Monday, October 14, 2019, the equity shares of IRCTC Ltd shall be listed and admitted to dealings on the exchange in the list of 'B ' Group of Securities," BSE said in a circular.
Shares of the drug firm fell to its 52-week low level of Rs 284.40, on the BSE, registering a decline of 9.90 per cent over its previous closing price.
Indian Hotels was trading 9 per cent higher, ITC was up by 7 per cent, Royal Orchid Hotels gained 7 per cent and Hotel Leela rose 4 per cent on the BSE.
The Dow Jones Industrial Average rose 45.41 points, or 0.17 per cent, to 27,182.45. The S&P 500 rallied 8.64 points, or 0.29 per cent, to 3,009.57. The Nasdaq Composite Index increased 24.79 points, or 0.30 per cent, to 8,194.47, Xinhua news agency reported on Thursday.
The BSE Sensex marched higher for the second straight day Wednesday on robust buying in metal, power and financial stocks ahead of June derivatives expiry.
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