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.
During this process, the company overtook Tata Consultancy Services (TCS) once again to become the most valued company in India. The market capitalisation (m-cap) of RIL stood at Rs 6,85,433.30 crore at the end of the day as compared to TCS m-cap of Rs 6,57,492.85 crore, according to the data available on the BSE.
The S&P BSE Sensex rose 1,861.75 points (6.98 per cent) to settle at 28,535.78, while the Nifty 50 index ended at 8,317.85, up 516.80 points (6.62 per cent).
The Sensex which rallied 1,480 points at one stage, came down later and closed with a gain of 693 points, or 2.67 per cent, at 26,674.03.
The S&P BSE Sensex rose 692.79 points (2.67 per cent) to end at 26,674.03, while the Nifty 50 climbed 190.80 points (2.51 per cent) to settle at 7,801.05.
The rupee also came under pressure and plunged below the 76 level to close at 76.22 against the dollar on capital outflows and strengthening of the dollar abroad.
Most emerging Asian currencies fell sharply on Monday as investors continued hoarding dollars in a bid to stay liquid amid a worsening coronavirus epidemic.
Concerns over the functioning of stock exchanges were prevailing amongst the traders as the government imposed a lockdown in various parts of the country, including Mumbai to tackle the outbreak of the coronavirus disease (Covid-19).
The S&P BSE Sensex declined 3,934.72 points (13.15 per cent) to settle at 25,981.24, while the broader Nifty 50 fell 1,135.20 points (12.98 per cent) to end at 7,610.25. This was the worst performance for both the benchmarks in their history.
“Given the volatility in Indian market is at its peak, it will be difficult to sell stakes even through routes such as offer for sale (OFS), which have fewer regulatory compliances and can be implemented quickly,” said a Delhi-based investment banker.
The coronavirus pandemic is these small investors’ first introduction to “severe market risk” and, experts hope, to opportunity as well.
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