Mumbai: The BSE benchmark Sensex extended its fall for second straight week by slumping 294.75 points and once again slipping below the psychological 28,000, while the broader Nifty lost 94.35 points to fall below the crucial 8,600-level.
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The barometer index had slipped by 53.66 points, or 0.19 per cent, while the NSE Nifty edged down 19.65 points, or 0.23 per cent.
Also, the NSE Nifty climbed 51.25 points, or 0.59 per cent, to 8,658.70. Oil and gas rose 0.38%, PSU 0.26%, consumer durables 0.26% and banking 0.24%. On the flip side, Bharti Airtel down by 2.82 per cent was the only loser on the Sensex.
The India VIX (Volatility) index was down 1.10% at 13.02. The BSE Mid-Cap index was now down 0.09%.
Meanwhile, rupee in forex market jumped to one-mth high on strong RBI macro view The rupee staged a solid recovery against the USA dollar by rising 16 paise to end at 67.02, its highest highest level in a month, on heavy selling of the greenback by exporters and banks.
Asian indices, like in Japan and Singapore, fell by up to 1.18 percent, while Hong Kong’s Hang Seng moved up by 0.41 percent. Nikkei 225 closed in red. In Europe, Paris and Frankfurt markets were down up to 0.80%. Infosys recovered from its early lows and was trading with marginal losses while TCS was down almost 2%.
Similarly, pure gold (99.9 purity) also resumed on a negative note at Rs31,570 per 10 grams as against last weekend level of Rs31,720 and fell further to Rs31,300 before ending at Rs31,385, showing a fall of Rs335 per 10 gram or 1.05 per cent. Maruti Suzuki India Limited, India’s leading passenger vehicle manufacturer, today launched the sporty, Swift Deca, a limited edition model of its most popular hatchback.
Ramky Infrastructure soared 8.5 percent on winning NHAI contracts worth Rs. 1,646 crore for developing two highway projects in Jharkhand. Strong buying has been witnessed in Mandhana Industries since the textile company last week disclosed that it has finalised an agreement with actor Salman Khan’s “Being Human” Foundation to sell products under the “Being Human” brand.
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On Monday, both the key indices had ended in the green, as the markets witnessed a sudden spurt of buying activity during the last hour of trade due to short covering and sector-specific buying. It said that a better than anticipated agricultural performance and the possibility of allowances under the 7th Pay Commission’s award being paid out in the fourth quarter of 2016-17 provide upsides to this projection.
