Both the indexes recorded their biggest weekly fall since July 2009 with the Sensex falling 1,630.85 points or 6.62 per cent and Nifty down 508.15 points or 6.78 per cent.
The BSE Sensex has witnessed a 23% fall in the past 11 months. However, experts believe that investors should stay put through this period of mayhem while new investors should look at new opportunities to enter the market
In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points today, its biggest fall in six months, to settle below 23,000-level after 21 months as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment.
SBI fell by 4.82% to Rs.158.95 ahead of its results; BSE banking index fell by 2.04% on Wednesday
The FII investment sentiment continued to remain weak and they pulled out a net of Rs 680.7 crore from the Indian equities on Tuesday.
The BSE barometer opened on a flat note and remained sideways for most part of the session awaiting quarterly GDP numbers, but sank heavily on weakness in European equities.
The fall in equity markets also resulted into a decline in the assets under management for the month of January as it fell marginally for the third straight month to Rs 12,73,714 crore.
Market benchmark Sensex rose for a second straight day by surging over 278 points, led by a rally in recently beaten-down bluechip stocks, trimming weekly loss amid mixed Asian cues and a better start in Europe and firm US index futures ahead of jobs data.
Market benchmark Sensex today snapped a three-session losing spree as it jumped by 115 points to 24,338.43 and in the process recovered from a two-week low on value-buying in recently beaten-down stocks.
The gauge has lost 647 points in the three straight days. The NSE Nifty also remained under pressure and slipped below the 7,400-level by dropping 93.75 points or 1.26 per cent to close the day at 7,361.80.
Reserve Bank maintaining status quo on monetary policy failed to cheer investors as the benchmark BSE Sensex today plunged by 285.83 points to 24,539.
In its recommendations to the government, the telecom regulator has suggested broadening of the work of private sector company.
The BSE benchmark Sensex reverted below the psychological 25K-level, but still trading up by 88.81 points in late range-bound morning deals, tracking mixed Asian cues.
Front-month Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over 1.2 percent from the last close.
Decline in commodity and crude oil prices have raised concerns over growth in China and global growth rate.
NSE Nifty rose 141.10 points or 1.90 per cent to log first weekly gain this year. However, the Sensex is still 4,800 points down in the last 12 months.
On a weekly basis, the Sensex recovered 435.03 points, or 1.78 per cent, and the NSE Nifty rose 141.10 points, or 1.90 per cent, snapping three straight weekly losses.
Currencies were hit as oil prices resumed their slide as traders awaited US energy stockpiles data expected to once more shine light on the global crude glut.
The bank’s total income rose to Rs 18,282 crore during the December quarter
SpiceJet on Friday reported a net profit of Rs 238.40 crore for the December quarter, mainly on the back of lower fuel costs.
Backed by a rally in the rest of Asia on hopes of more stimulus in Europe and Japan and rebound in oil prices following a severe storm in the US, the benchmark Sensex extended its weekend rally and ended over 50 points higher at 24,485.95.
The NSE index Nifty too edged higher by 60.40 points, or 0.81 per cent, to 7,482.85.
Raw material expenditure fell 30% in 1 year period, coming down from `87,781 crore to `61,506 crore
As a result of the fall, the market cap of InterGlobe fell by Rs 8, 255 crore on Friday.
The Bombay Stock Exchange index had lost 517.63 points in previous two sessions.
Even as FIIs continue to off-load their holdings, participants say that it should not be taken as a negative vote on India.
BSE Sensex rebounded from over 20-month low by climbing 253 points at 24,314.79 in early trade today on value-buying in blue-chips amid a firming trend at other Asian bourses despite an overnight slump in the US markets.
Market benchmark Sensex resumed its downward spiral today by nosediving 418 points to close at over 20-month low of 24,062.04, tracking massive sell-off in global indexes on growth worries, while oil again dipped below the $28-level.
Equities rose for the first time in four days as the benchmark BSE Sensex rebounded from 20-month lows by recovering 291.47 points to end at 24,479.84 on value- buying in recently beaten-down stocks amid firm Asian cues.
The benchmark BSE Sensex plunged by 317.93 points today to hit a fresh 19-month low of 24,455.04 as muted earnings by some blue-chips and oil prices that fell below USD 30 a barrel...
Equities again slipped after taking a day's breather as the BSE Sensex dropped by 109 points to end at a fresh 19-month low of 24,825.04, tracking a weak trend in other Asian markets on renewed China's growth concerns.
With the Chinese markets crashing 7% twice in a week, it might pay domestic investors to stay off stocks with a high exposure to the country.
Domestic markets plunged to four-month lows in late morning deals as the benchmark BSE Sensex fell by more than 400 points to crack below the 25,000-level
Other Asian stocks, which opened today after a long break, were on the receiving end after a private survey showed Chinese factory data contracted for a fifth straight month.
Markets today failed to make good use of the early momentum in a fluctuating trade as the benchmark Sensex broke below the psychological 26,000-mark by falling over 119 points amid profit-booking and a mixed global trend.
According to a dealer, the month-end dollar demand from oil refiners led to the slide. On Monday it had closed at 66.19 against the dollar.