Indian markets fell on Thursday ahead of the key macro data such as IIP (index of industrial production) numbers for July and retail inflation (CPI) print for August due later in the day.
Weak growth numbers released over the weekend resulted in a bruising sell-off in the markets on Tuesday, erasing 770 points from Sensex. Growth-sensitive stocks, state-run banks and manufacturing companies contributed most to the fall.
Indian markets took it in their stride the trade-related tensions troubling overseas markets and advanced sharply on Monday on the back of Finance Minister Nirmala Sitharaman’s measures announced last week to combat slowdown
The equity and currency markets declined on Monday over heightened trade tension between the US and China, and the political developments in Jammu and Kashmir (J&K).
Mumbai: In a bid to strike a balance between the “inadequate” 25 basis points (bps) and “excessive” 50 bps, the RBI on Wednesday slashed key policy rates by an unconventional 35 bps, but markets slid as it revised down the economy’s growth forecast. Metal, PSU banks, auto and realty stocks contributed
Sensex closed on Friday’s session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy.
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.
India’s central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy’s recovery from the pandemic by ensuring ample liquidity
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.
The Indian stock market witnessed a bloodbath on Thursday, in line with the global selloff, with the BSE Sensex losing 1,114.82 points. Post Thursday’s selloff, Sensex lost 2,292 points in the last four sessions. This was the sixth consecutive session of loss for the Indian indices.