Before gaining in the past three sessions, the benchmark Nifty had dropped 3% from its peak following five straight days of losses
"Even if markets have corrected a bit on account of some rumours, I would suggest you buy as markets are going to shoot up after June 4," said Shah
The index finished below its 100-day moving average (DMA), seen as a critical support, for the first time since November 13, 2023
Investors' wealth on Thursday eroded by Rs 7.34 lakh crore as markets took a heavy beating, with the BSE Sensex tumbling 1,062.22 points. Declining for the third day running, the 30-share BSE benchmark dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18. The market capitalisation of BSE-listed companies eroded by Rs 7,34,513.48 crore to Rs 3,93,34,896.14 crore (USD 4.71 trillion). On May 2, the mcap of BSE-listed firms reached an all-time peak of Rs 4,08,49,767.90 crore. "Markets buckled under relentless selling pressure as investors turned risk averse in the ongoing poll season and further lightened their equity exposure to avoid being caught off guard. As the election season is heating up, investors are trimming their equity exposure at a faster pace, which can be seen from the drubbing that mid and small-caps received," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. From the Se
Sensex crash, Haryana political crisis, Air India Express cancellation & more
The Sensex crashed by over 1000 points on Thursday, May 9, while the Nifty broke the 22,000 mark. Here are the top 3 reasons why the Indian stock market experienced a massive fall on Thursday.
Midcap, smallcap indices log the biggest fall in nearly two months
Stock Market Highlights on May 6: Kotak Bank, HUL, TCS, M&M, Sun Pharma, and Tech M were the top gainers on the Sensex
Ambareesh Baliga, an independent market analyst believes the markets want 'more of the same' in terms of income tax-related policies - continuity amid a stable regime
The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure
Sensex sees intraday swing of 1,627 points
Kotak Mahindra Bank was the biggest loser, dropping 2.95 per cent after the bank announced the exit of its joint managing director KVS Manian
Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer
The combined market capitalisation of all BSE-listed firms stood at Rs 404 trillion
Stock Market Highlights on April 23: The Nifty Realty index zoomed 2.6 per cent, followed by the Nifty FMCG index (up 0.76 per cent)
The indices closed in the red after volatile trade
Defy the odds, with Nifty Smallcap 100 gaining 0.75%
Losses limited amid diplomatic efforts to contain the crisis
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As of 10:08 am, the BSE Sensex was trading 0.75 per cent lower a 73,689.27, and the NSE Nifty50 was down by 0.72 per cent at 22,357.25 levels