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Indian shares closed at nearly a four-week low on Thursday, pressured by losses in information technology and consumer stocks as the global markets
Indian shares dropped the most in nearly four weeks on Friday, ending down over 1%, as investors locked in profits following the benchmark indexes hitting multiple record highs this week and as a proposed US stimulus package failed to surprise.
Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India’s barometer index -- the S&P BSE Sensex -- to cross the 50,000 mark on Thursday.
The BSE Sensex on Thursday ended at a record closing high of 39,832, ahead of the swearing in of the new Union Cabinet. The Sensex advanced by 329.92 points, or 0.84 per cent,
Indian shares hit a record high on Monday after exit polls from the country’s marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi. While opposition parties refused to concede and the country faces a nerve-jangling three day wait until the official count begins,
The benchmark Sensex closed just 66 points in the green after moving within a narrow range on Tuesday, as poll euphoria appears to be fading. The Sensex closed 66.44 points, or 0.17 per cent higher than its previous close,
Mumbai: The Sensex closed 248 points lower on Wednesday, ahead of the expiry of the May series of futures and options contracts. All the sectoral indices on the Nifty fell except the export-oriented IT stocks which gained on a depreciating rupee. The BSE Sensex closed 247.68 points or 0.62 per cent lower at 39,502.05
Indian shares closed higher on Thursday, helped by gains in financials and information technology stocks, while a steady decline in daily COVID-19 cases also helped investor sentiment.
Indian shares snapped a four-session rally on Tuesday as financial and IT stocks slid amid worries that a potential acceleration in US inflation could lead to foreign fund outflows from the region.
Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Defying unfavourable global markets, domestic indices inched up on Friday as investors cheered the formation