The Indian stock market opened in the negative territory on Monday, with the benchmark Sensex of the BSE falling over 100 points in opening trade. The Nifty 50 of the National Stock Exchange traded 26 points, or 0.23%, lower at 11,117.10 points. Most banking stocks like ICICI Bank, Kotak Bank, IndusInd Bank, SBI, along with other index heavyweights like Bharti Airtel, Maruti Suzuki, M&M, and Tata Motors, witnessed heavy selling pressure on the Sensex index.

Mumbai: The shares of housing finance companies (HFC) and other financial service firms were battered badly on Friday causing a flash crash on the domestic bourses as rumours about default by certain entities amidst rising delinquencies and cost of capital triggered panic selling in the market.

The BSE Sensex rebounded over 100 points in opening trade Wednesday on value-buying in recently battered stocks amid strength in the rupee and positive global cues. The 30-share BSE index recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade. The index had lost almost 800 points in the previous two sessions as rupee woes and trade war worries spooked investors.

The benchmark indices ended in the red on Monday for the third time in the last five trading sessions as rupee woes and global trade war worries spooked investors despite the government announcing measures to stem a steep fall in the domestic currency.

The Sensex closed at 37,585.51 down 505.13 points or 1.3%, while the broader Nifty ended the session at 11,377.75 with a loss of 137.45 points or 1.2%.

The key Indian equity indices — Sensex and Nifty — opened in the negative territory on Monday tracking weak Asian markets. The Sensex of the BSE plunged over 300 points to hit an intra-day low of 37,784.50 points in opening trade. The Nifty of the National Stock Exchange, too, fell 97 points to a low of 11,417.70 points.

Shares of Axis Bank, Tata Motors, SBI, IndusInd Bank, Yes Bank, Tata Steel Hero MotoCorp, HDFC, HDFC Bank and Asian Paints were amongst the top laggards on the BSE Sensex index.

Mumbai: The market extended its decline for second straight week with BSE Sensex lossing another 299.18 points to close 38,090.64 and the broader Nifty falling 73.90 points to finish at 11,515.20.

The truncated and volatile week saw the stock market enduring initial bitter losses as rupee stabilized during late session after initial record lows.

The BSE benchmark Sensex reclaimed the 38,000-mark by surging over 300 points in opening trade Friday on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

The 30-share barometer pushed higher by 318.85 points, or 0.85 per cent, to 38,036.81. The gauge had risen 304.83 points in the previous session on Wednesday.

The BSE benchmark Sensex on Tuesday rose 95 points, but soon turned choppy on weak global cues amid lingering global trade war concerns.

The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 per cent, higher at 37,930.97 at 0930hrs.

The BSE Sensex plunged over 400 points in afternoon session Monday after the rupee breached 72.50 mark against the US dollar for the first time ever amid weak Asian cues.

While, rupee continued its free fall hitting a new low of 72.67 due to a strengthening dollar and widening trade deficit.

Markets remained in better form for the second straight session on Friday, with the Sensex closing over 147 points higher as auto shares zoomed on sustained buying by domestic institutional investors amid the rupee staging a recovery.

The rupee was trading higher by 29 paise at 71.70 (intra-day) against the dollar at the forex market. The domestic unit had hit a fresh life-time low of 72.11 before settling at 71.99 Thursday.

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