On Monday’s noon session the Indian benchmark indices erased their early losses and turned flat after falling nearly 0.5 per cent in opening deals amid weak cues from their Asian peers.
On Thursday Indian domestic equity market fell over 1 per cent as investors booked profit amid weak global cues. Among headline indices, the S&P BSE Sensex ended at 43,600, down 580 points, or 1.31 per cent while NSE’s Nifty settled at 12,772, down 167 points, or 1.29 per cent.
Sensex and Nifty ended with gains today led by robust gains in financial stocks amid positive global cues. Index heavyweights Reliance Industries, HDFC twins, Bajaj Finserv, among others lifted Nifty near 11,250 levels.
On Monday the S&P BSE Sensex and NSE Nifty 50 indexes snapped their three-day losing streak led by buying interest in banking shares after ICICI Bank and IndusInd Bank reported strong September quarter earnings.
On monday Indian stock markets registered sharp gains after a gap-up opening tracking gains across Asian equities as investors were optimistic around a fast recovery from the coronavirus pandemic though Chinese data dampened sentiment.
The S&P BSE Sensex rallied over 500 points and Nifty 50 index moved closer to its important psychological level of 11,300 led by gains in auto, information technology, financial services, metal and banking shares.
Indian indices pared opening gains to turn negative on Monday dragged by heavyweight financials like HDFC Bank and ICICI Bank. Meanwhile, a weak trend in Asian peers also weighed on the sentiment amid ongoing US-China trade war.