Tag: the benchmark indices

The benchmarks S&P BSE Sensex sank for a third straight day on Thursday, falling 634 points to end at 59,465 levels. With this, the 30-pack index has shed 1,844 points in three days. FII selling, rising US bond yields, soaring oil prices, and concerns over inflation have spooked the market. The benchmark S&P BSE Sensex sank for a third straight day on Thursday, falling 634 points to end at 59,465 levels. With this, the 30-pack index has shed 1,844 points in three days. On the NSE, the Nifty50 dropped 181 points to settle at 17,757. Both the benchmarks fell 1 percent today. Analysts, however, expect markets to recover from here on as they have reached their key support zones. Read more

Today(29th Oct.2021) the markets exhibited a high amount of volatility for the second day in a row on the back of unabated selling pressure in select index heavyweights. The BSE Sensex tumbled to a low of 59,089, but eventually ended 678 points lower at 59,307. In the process, the BSE index has now shed 5 percent (2,938 points) from its recent peak of 62,245. The NSE Nifty logged its second straight weekly loss, down 185 points at 17,672. The Nifty has declined 3.8 percent (677 points) in the last two weeks. In intra-day trades on Friday, the 50-share index dipped to a low of 17,613 and was within striking distance of its 50-DMA (Daily Moving Average) at 17,570-odd levels. Read more