Sensex, Nifty close at their lowest levels in five months
Analysts say there is more pain in store for the markets, as both global and domestic developments are likely to dent sentiment further
The BSE Sensex closed at 37,831 level, down 17 points, or 0.04%. The broader Nifty50, too, shed 19 points, or 0.17%, to settle at 11,252 levels.
Both the indices - Sensex and Nifty - posted their biggest single-day fall in two weeks, even as other global markets gained on hopes of an interest rate cut by the US Federal Reserve
ICICI Bank, YES Bank, and State Bank of India - each declining a per cent
Most global equities fell sharply after the strong US job data cast doubts
The Sensex ended the session at 39,452, a decline of 289 points or 0.73 per cent, while the Nifty fell 91 points to end the session at 11,823.30
Nineteen stocks in the Sensex pack fell
Only 13 Sensex components outperformed the index gain of 3.75 per cent
Only seven companies survive from the original list
India is the first among markets valued at more than a $1 trillion to hit a peak this year
The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716
A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge
Other important factors such as movement of rupee, crude oil and investment trend by overseas investors would continue to influence trading sentiment
Most global markets remained positive on Tuesday ahead of the US Federal Reserve's two-day meeting
The Sensex has now gained 14 per cent from its lows in October 2018
RIL, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6% to 20% from their respective September 14, 2018 levels
Biggest single-day gain for benchmark indices since Jan 31; FPIs continue to pour in big money
The decline in Sensex is a worrying trend for investors
The 30-share index rose 404 points, or 1.14 per cent, to end at 35,756, while the Nifty snapped its eight-day losing streak, ending 131 points or 1.24 per cent higher at 10,735