Sensex plunges 900 points to slip below 60K; 5 factors behind market crash
Investors lost nearly ₹4.27 lakh crore in wealth as Sensex and Nifty fell 1.53% each, registering their biggest one-day fall in a month.
Investors lost nearly ₹4.27 lakh crore in wealth as Sensex and Nifty fell 1.53% each, registering their biggest one-day fall in a month.
The top gainers on the BSE Sensex pack were ICICI Bank, M&M, Tata Steel, NTPC, and Power Grid Corporation of India.
In the last nine trading sessions, Nifty nosedived 503 points or 2.76% but the historical trend hints reversal in market
A flurry of macroeconomic data including CPI, WPI, trade exports and imports, and trade deficit numbers will be released this week, which can set tone for Indian equities.
Exchange volumes declined sequentially for commodity, equity derivatives, and cash segments in October, as per data analysed by ICICI Securities.
Investors will keep a close eye on macroeconomic data such as monthly GST collection, manufacturing and services PMI, while quarterly results by big players will also be watched.
The BSE Sensex closed 524 points higher and the NSE Nifty rose 162 points in the one-hour special Muhurat trading session on Monday.
The rally on D-street made investors richer by ₹4 lakh crore as market capitalisation of all BSE-listed stocks rose to ₹273.8 lakh crore.
The Sensex and Nifty are set to open lower on Monday, following weak cues from Asian peers and a negative finish on Wall Street on Friday.
The Sensex and Nifty are poised to open higher on F&O expiry day, in line with global equities after the Bank of England intervened in the bond market to stabilise financial markets.