Sensex
India's own 'Cash for Clunkers' announced, auto stocks jump
The long-awaited policy move that is expected to encourage new vehicle purchases was announced during the Budget 2021-22 presentation in Parliament on Monday. However, the finer details of the scheme will be announced later.
Budget Boost: Sensex jumps 2,000 points
Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National Stock Exchange was trading at 13,826.45, higher by 191.85 points or 1.41 per cent from its previous close.
Markets expected to be volatile today
The Sensex was up by 387 points at 46,673 points in morning trade as all eyes were on the crucial Budget to be presented by Finance Minister Nirmala Sitharaman. Indusind Bank, ICICI Bank were the top gainers in the 30 share index. IT and pharma stocks are in the red while all other sectors in the indices are trading in the green.
Global cues, profit booking dent equities, Sensex down 535 points
Besides, the flight of foreign funds from the domestic market due to nervousness over the upcoming Budget FY21 and derivatives expiry led to the sharp correction. Globally, Asian and European shares slipped after a major sell-off was triggered at Wall Street. On the domestic front, NSENifty50 opened a gap down and continued to remain under pressure ahead of the Union Budget on Monday.
Bears take charge, Sensex gives up 47,000
Heavy selling was witnessed in finance, banking and IT stocks. At 12.14 p.m., the Sensex was trading at 46,866.83, lower by 543.10 points or 1.15 per cent from its previous close of 47,409.93. It opened at 46,834.57 and has so far touched an intra-day high of 47,172.02 and a low of 46,821.21 points.
Sensex plunges 1,000 points, Nifty below 14,000
Around 2.45 p.m., Sensex was at 47,310.81, lower by 1,036.78 or 2.14 per cent from its previous close.The Nifty50 also fell below the psychological 14,000-mark. It was trading at 13,944.25, lower by 294.65 points or 2.07 per cent from its previous close.
Share Market: Sensex sheds gains amid volatile trade
Selling pressure was witnessed in oil and gas, energy and auto stocks. Buying in banking and finance stocks, however, curbed the losses. Around 10 a.m., Sensex was trading at 48,791.59, lower by 86.95 points or 0.18 per cent from its previous close of 48,878.54.
Market Watch: Volatile expiry and budget expectations to drive markets
NIFTY lost 61.80 points or 0.43 per cent to close at 14,371.90 points. The low and high for the week was 48,403.97 points and 50,184.01 points on the BSESENSEX. It was 14,222.80 points and 14,753.55 points on NIFTY. This means that effectively BSESENSEX lost 600 on Monday at the low, gained 1800 points to form the top on Thursday and then lost 1400 points to the close.
Share Market: Sensex slumps 700 points, gives up 49,000
It fell 746.22 points, or 1.50 per cent, to close at 48,878.54 as heavy selling was witnessed in banking, finance and metal stocks. The Nifty50 on the National Stock Exchange closed at 14,371.90, lower by 218.45 points, or 1.5 per cent, from its previous close.
Share Market: Sensex drops 550 points, holds on to 49,000
Heavy selling in banking, finance and metal stocks weighed on the indices. Around 2.40 p.m., Sensex was trading at 49,073.58, lower by 551.18 points or 1.11 per cent from its previous close of 49,624.76. It opened at 49,594.95 and has so far recorded an intra-day high of 49,676.88 and a low of 48,894.64 points.
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