The domestic equity market on Thursday snapped the five day winning streak as investors became cautious ahead of announcements of IIP data for July, retail inflation data for August and European Central Bank's policy meeting later in the day.
The S&P Sensex closed 166.54 points, or 0.45% lower at 37104.28 after falling 222.15 points intra-day. NSE Nifty 50 slipped below 11000-level as it closed 52.90 points, or 0.48% lower at 10982.80.
The markets rallied sharply on Friday after taking a breather in the previous session as the indices clocked their best gains of the week, but ended lower for the week. The gains came on the back of positive Asian markets amid easing US-China trade tensions. The Sensex gained 337 points or 0.92 per cent, while Nifty Index ended 98.3 points or 0.91 per cent higher at 10,946.2.
National Stock Exchange (NSE) has said it will conduct mock trading sessions for various segments on September 7. The mock trading (contingency) has been scheduled for capital market segment, securities lending and borrowing market, commodity derivatives, currency derivatives and futures and options segments, NSE said in separate circulars on Tuesday.
Normal working hours for capital market segment and futures and options will be between 1015 hours and 1530 hours.
Weak macroeconomic data and global cues weighed on investor sentiments as key benchmark indices on Tuesday closed with over 2% decline.
The BSE Sensex tumbled 866.78 points intra-day before closing 769.88 points, or 2.06%, lower to 36562.91. NSE Nifty 50, too, fell 250.55 points intraday before ending 225.35 points, or 2.04%, lower at 10797.90.
Mumbai: Domestic equity benchmark BSE Sensex dropped below the 37,000 level, plunging over 500points, in afternoon trade on Tuesday tracking heavy selling in financial sector and auto stocks amid weak domestic and global cues.
The 30-share index was trading 516.79 points, or 1.38 per cent, lower at 36,816.00 in afternoon trade, while the broader Nifty sank 151.95 points, or 1.38 per cent, to 10,871.
The equity markets on Friday snapped their two-day losing streak, and ended with robust gains. Markets gained largely due to the positive global cues. Markets participants say that measures taken by the government in the last one week are positive for long term, but some measures are also required to kick-start the economy.
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