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,
Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices − Sensex and Nifty − fell over 2 per cent.
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
Sensex and Nifty ended lower on Thursday after advancing for four consecutive sessions as investors took to profit booking. Investors also treaded with caution ahead of Q4 results from index heavyweight Reliance Industries. Jet Airways was in the spotlight throughout the day over its steep fall.
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.
The Sensex on Tuesday ended 382 points in the red, after touching a record high of 39,572 minutes into the trade. The session started on a firm note with Sensex hitting a life-time high of 39,572, but it failed to hold on to the early gains and ended over 380 points lower.
In line with global markets, Indian equities on Monday logged steep falls as US President Donald Trump threatened to impose fresh trade tariffs worth $200 billion on Chinese goods. The US move is being seen as an unexpected and a major escalation in trade tensions between the two big economies.
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,
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