Crude futures surged for a second day on Friday, with benchmark Brent up 10 per cent on hopes that a global deal to cut crude supply worldwide will emerge early next week.
“The thinning out of activity is impacting market liquidity and increasing volatility in financial prices,” the RBI said.
The revised timings come will come into effect from April 7 up to April 17, the Reserve Bank of India (RBI) said in a press release.
Shares of RBL Bank tumbled 14.99 per cent, Kotak Mahindra Bank tanked 7.77 per cent, IndusInd Bank fell 7.33 per cent, ICICI Bank 6.56 per cent, SBI 4.34 per cent.
The S&P BSE Sensex Index slid 1.2 per cent to 27,913.75 as of 9:57 a.m. in Mumbai, following Wednesday’s worst start to a new fiscal year since 2007.
The S&P BSE Sensex fell 674.36 points (2.39 per cent) to end below the 28,000-level at 27,590.95. Similarly, the broader Nifty 50 too settled below the 8,100-mark at 8,083.80, down 170.00 points (2.06 per cent).
The Sensex fell 1,203 points to 28,265.31 and the NSE Nifty Index lost 343.95 points to close at 8,253.80 in the selling avalanche.
The S&P BSE Sensex declined 1,203.18 points (4.08 per cent) to end at 28,265.31. the broader Nifty 50 ended at 8,253.80, down 343.95 points (4.00 per cent). Both the indices had opened around 1 per cent lower each and traded lower throughout the day.
The Sensex rose 1,028.17 points, or 3.62 per cent, to 29,468.49, while the NSE Nifty gained 3.82 per cent, or 317 points, at 8,597.75.
At close of trade, the market capitalisation (m-cap) of RIL was Rs 7,05,211.81 crore, which was Rs 21,133.32 crore more than that of Tata Consultancy Services' Rs 6,84,078.49 crore valuation on the BSE.
The S&P BSE Sensex ended at 29,468.49, up 1,028.17 points (3.62 per cent) while the Nifty 50 settled at 8,597.75, up 316.65 points (3.82 per cent).
The benchmark Sensex plummeted 1,375.27 points to 28,440.32, while the NSE Nifty index fell 379.15 points to 8,281.10.
The S&P BSE Sensex slumped 1,375.27 points (4.61 per cent) to settle at 28,440.32, while the broader Nifty 50 ended at 8,281.10, down 379.15 points (4.38 per cent).
In the past, experts have expressed concern about the NDF market - till now inaccessible to Indian banks - as among the measures which drive the rupee movement.
Shares of Axis Bank were trading higher by 12.40 per cent, IndusInd Bank 6.25 per cent, State Bank of India 5.19 per cent, Federal Bank 4.55 per cent, ICICI Bank 2.61 per cent, RBL Bank 2 per cent, Kotak Mahindra Bank 1.47 per cent and HDFC Bank 0.21 per cent.
The rupee which opened on a positive note at 74.60, gained further momentum and touched a high of 74.35 against the US dollar, registering a rise of 81 paise over its previous close.
The S&P BSE Sensex ended at 29,815.59, down 131.18 points (0.44 per cent), while the broader Nifty 50 closed at 8,660.25, up 18.80 points (0.22 per cent).
The Sensex gained 4.94 per cent, or 1,411 points, at 29,946.77 as investors went on a bargain hunting spree. The NSE Nifty Index rose by 323.60 points, or 3.89 per cent, at 8,641.45.
The S&P BSE Sensex settled at 29,946.77, up 1,410.99 points (4.94 per cent), while the Nifty 50 index rose 323.60 points (3.89 per cent) to end at 8,641.45. In the intraday trade, the Sensex climbed as much as 1,564.13 points (5.48 per cent) to briefly reclaim the 30,000-mark at 30,099.91. This apart, the 50-share NSE benchmark had scaled 431.20 points (5.18 per cent) to 8,749.05.
The BSE Sensex skyrocketed 1,861.75 points, or 6.98 per cent, to settle at 28,535.78 and the NSE Nifty zoomed 516.80 points, or 6.62 per cent, to end at 8,317.85.
PHOTOS: Amitabh Bachchan, Mohanlal, Rajinikanth and others light diyas and candles