Market benchmark BSE Sensex dropped by around 218 points or 0.60 per cent due to continued sell-off in banking, pharma, and metal stocks amid foreign fund outflows and weak Asian cues.
Quarterly earnings from blue chips such as Hindustan Unilever and Kotak Mahindra Bank, inflation data, trend in crude oil prices and global cues will be key determinants for the stock market movement this week, say experts.
Markets regulator Sebi today said that allotment of shares to foreign portfolio investors (FPIs) in initial public offers would need to be verified with PANs to check against any breach of investment limit through multiple entities.
The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.
Sensex defied gravity for the fifth straight session to close at a fresh lifetime high today as investors poured money into energy and financial shares amid a robust start to the earnings season.
The BSE Sensex vaulted over 282 points to end at a record high of 36,548.41 today on robust buying in energy, oil and gas and banking stocks.
Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.
Benchmark Sensex rose over 26 points to close at 36,265.93 today, powered by a rally in IT bellwether TCS following better-than-expected quarterly results.
Rising for the third day, the BSE Sensex surged 305 points to recapture the 36,000-level while the NSE Nifty closed well above 10,900 today as participants wagered on robust corporate earnings.
The benchmark Sensex posted decent gains for the week, up 234.38 points to end at 35,657.86, while the broader Nifty ended above the key 10,750 -level at 10,772.65, gaining 58.35 points.