We have always seen crashes as well as corrections in stock markets. Is that possible in crypto markets? The answer probably is no.
Rupee too took a breather as it has appreciated from its all-time low of 77.42 the previous day to 77.25 this morning.
The 30-share BSE benchmark was trading 648.25 points lower at 56,412.62. The NSE Nifty declined 185.3 points to 16,917.25.
The key index was dragged down by heavyweights Infosys and HDFC Bank amid weak trend in Asian markets.
A hawkish US Federal Reserve, spiking crude oil prices and uncertainties associated with the war haven't diminished the enthusiasm of the bulls, Vijayakumar said.
Ultratech Cement was the top performer in the Sensex pack, spurting 4.69 per cent, followed by Axis Bank, IndusInd Bank, HDFC, Infosys, Bajaj Finserv and Bajaj Finance.
Market Crash | How Long Will Panic In Sensex & NIFTY Continue | Russia-Ukraine War
From the 30-share pack, Maruti Suzuki, Mahindra & Mahindra, Larsen & Toubro and ICICI Bank were the biggest drag, tumbling up to 6.3 per cent.
The Sensex was trading 1,015 points or 1.76 per cent lower at 56,668.60, and the Nifty quoted 285.40 points or 1.66 per cent lower at 16,921.25 -- extending their losses to the fifth session in a row.
Foreign institutional investors (FIIs) were net buyers in the capital market on Friday, as they bought shares worth Rs 108.53 crore, according to stock exchange data.
Tech Mahindra was the top gainer in the Sensex pack, climbing 2.13 per cent, followed by Wipro, HCL Tech, Titan, Infosys, Bajaj Finserv, Maruti and Bajaj Finance.
Among the stocks, HDFC, L&T, SBI Life, Infosys, and Bajaj Finance were the top five losers in the morning session.
Stock Market Fall: Experts On NIFTY, SENSEX Decline
In the previous session, the 30-share BSE index ended 634.20 points or 1.06 per cent lower at 59,464.62. Similarly, the NSE Nifty plunged 181.40 points or 1.01 per cent to 17,757.
HDFC, Infosys, Bajaj Auto, Reliance Industries, and Bajaj Finserv were some of the top losers, NSE data showed. Top gainers during the early trade were Power Grid Corporation, Coal India, Tata Consumer, Hero Motocorp and Brittania.
In the previous session, the 30-share BSE Sensex closed at 59,855.93, clocking a gain of 672.71 points or 1.14 per cent. Likewise, the NSE Nifty rose 179.55 points or 1.02 per cent to end at 17,805.25.
Domestic market is gaining ground amid a positive rebound in the global market. The rebound was broad-based while mid and small caps outperformed as the bargain opportunity led investors to accumulate the beaten-down stocks.
NSE Nifty50 fell by 527.25 points or 3.10 per cent to 16,457.95 points.
Asian markets were also down as investors continued to assess the risks to the economic recovery posed by the new COVID variant Omicron.
"Nifty could take further direction post European markets opening, but likely to end in the positive for the day."
L&T was the top gainer in the Sensex pack, rising around 3 per cent, followed by Tech Mahindra, HCL Tech, HUL, Axis Bank and Bharti Airtel.
Infosys was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tata Steel, HDFC Bank, ICICI Bank, Titan and IndusInd Bank.
The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.
Both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs. The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level.
The 30-share Sensex was trading 260.26 points or 0.45 per cent higher at 58,390.21, and Nifty advanced 75.75 points or 0.44 per cent to 17,399.35 in initial deals.
Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, Kotak Bank, SBI, NTPC and IndusInd Bank.
The top gainers on the Sensex were Bajaj Finserv, Bharti Airtel and Bajaj Finance.
The next 1,000 points-level was scaled in less than a week as the benchmark climbed the 56,000-peak for the first time in intra-day on August 18.
Tata Steel was the top gainer in the Sensex pack, rising around 1 per cent, followed by NTPC, L&T, HDFC, Nestle India, ICICI Bank and Bajaj Finserv.
NSE Nifty50 traded lower. It fell to 16,433.10, lower by 135.75 points or 0.82 per cent from its previous close.
Amid a positive trend in global markets, Equity benchmark Sensex rallied over 500 points in early trade on Thursday.
Bull run continued on the Indian equity market on Tuesday with the BSE Sensex crossing the 53,000-mark for the first time.
Equity benchmark Sensex plunged nearly 600 points in early trade on Monday, tracking losses in index-heavyweights ICICI Bank, SBI and L&T amid a steep correction in global equities.
The key Indian equity indices continued their record run on Tuesday.The BSE Sensex touched a fresh high of 52,836.31 and the Nifty50 on the National Stock Exchange hit an all-time high of 15,889.60 points.
The Indian stock market reached new milestones on Friday morning with both the BSE Sensex and the Nifty50 on the National Stock Exchange touching fresh record highs.
Mumbai: Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging…
Mumbai: Equity benchmark Sensex plunged 740 points on Thursday, dragged by losses in index majors Reliance Industries, Infosys and HDFC Bank as monthly derivatives expired amid weak cues from global markets. The 30-share BSE index ended 740.19 points or 1.51 per cent lower at 48,440.12, and the broader NSE Nifty declined 224.50 points or 1.54 […]
Mumbai: Market benchmark Sensex plunged 871 points to mark its worst single-session fall in nearly a month on Wednesday as investors moved to the sidelines amid rising coronavirus cases in the country. At the closing bell, the BSE Sensex was quoted at 49,180.31, a drop of 871.13 points or 1.74 per cent its biggest one-day […]
Mumbai: Equity benchmark Sensex jumped 280 points on Tuesday following gains in index majors HDFC Bank, ICICI Bank and Reliance Industries despite a weak trend in global markets. The 30-share BSE index ended 280.15 points or 0.56 per cent higher at 50,051.44. The broader NSE Nifty advanced 78.35 points or 0.53 per cent to 14,814.75. […]
Mumbai: Snapping its three-session rising streak, equity benchmark Sensex tumbled 487 points on Friday, tracking losses in financial and auto stocks. After gyrating 1,283 points during the day, the 30-share BSE index ended 487.43 points or 0.95 per cent lower at 50,792.08. The broader NSE Nifty tanked 143.85 points or 0.95 per cent to end […]