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.
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.
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.
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.
Selling towards the fag end on the last day of the January series of derivatives contracts, concerns over muted corporate earnings so far and mixed global cues hit markets too, brokers said.
Caution prevailed on sustained outflows by foreign funds and a mixed trend in global markets ahead of the outcome of the US Fed’s two-day policy meet later in the day, brokers said.
The domestic unit resumed higher at 67.88 per dollar and fell to 68.11 before ending at 29-month low at 68.02 per dollar, showing a further loss of 7 paise or 0.10 per cent.
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.
Lower oil prices, volatile currencies and the slowdown in China are the major factors currently dampening investor sentiment across the globe.
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.
Market benchmark Sensex today fell to a 20-month low after plunging 266.67 points to 24,188.37, dragged down by a massive dip in exports, while RIL cracked over 5 per cent on crude slipping below USD 28 per barrel.
The benchmark BSE Sensex, reversing its yesterday’s surprise rally, fell by over 81 points today to close at 24,772.97 as heavy selling in Tata Steel offset better-than-expected third quarter numbers of Infosys.
Tracking firm European cues, domestic equities in a highly volatile session snapped two-day falling run as the BSE Sensex recovered from 19-month lows to end over 172 points higher at 24,854.11 led by a strong rally in RIL and Infosys ahead of Q3 earnings.
Equities remained under tight grip of bears as the BSE Sensex logged its sixth fall in seven days by slipping 143 points to 24,682.03 — its lowest closing in more than 19 months — ahead of key macroeconomic data and quarterly numbers of IT major TCS.