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.
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.
Asian markets rose with Shanghai index rebounding by 1.97 per cent after authorities suspended a “circuit breaker” system that halted trading in Chinese shares twice this week.
Global sentiment, already rattled by an diplomatic row between Iran and Saudi Arabia as well as concerns over China’s economy, took a further hit after North Korea said it carried out a hydrogen bomb test.
The 30-share index rebounded 100 points, or 0.39 per cent, to 25,938.71, with all sectoral indices led by capital goods, oil and gas, power and banking trading in the positive zone, rising by up to 0.65 per cent.
BSE Sensex recovered 209.87 points, or 0.82 per cent, to 25,800.52, with all sectoral indices led by metal, healthcare and realty trading in the green, advancing by up to 1.40 per cent.