Sensex, Nifty today: The Indian stock market opened lower on Thursday, even as concerns surrounding the rupee and cues from the global market weigh. The Sensex opened at 37,796, and soon plunged nearly 150 points to hit the day’s low at 37,644 within minutes of opening. The broader Nifty 50 opened at 11,397, below the psychological mark of 11,400. The rupee too opened at a record low of 70.32, recording a plunge of 43 paise against the dollar.

Mumbai: The BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade on Monday on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, traders said.

The BSE Sensex tumbled over 155 points on Saturday to close below the 38,000-mark as investors booked profits amid lacklustre global cues.

SBI was the biggest loser in the Sensex pack, diving 3.79 per cent, after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

Retreating from its lifetime high, the BSE Sensex dropped 106 points in opening trade on Friday on profit-booking in recent gainers amid a weak trend at other Asian markets.

The 30-share barometer fell by 106.02 points or 0.27 per cent to 37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to 0.30 per cent.

Sensex breached the 38,000 barrier for the first time in early trades on Thursday morning. The markets are in high spirits after IMF prediction that Indian economy is in good hands.

Sensex jumped 117.47 points to 38,005.03 and Nifty too opened at a fresh record high.

When it comes to the Indian stock market, analysts are not following investors’ exuberance. A booming economy and encouraging corporate results have sent the benchmark S&P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average price estimate for members of the gauge is now just 14 percent above their stock prices, the narrowest gap since February, data compiled by Bloomberg show.

The Nifty indices for small- and mid-cap stocks clocked gains for a 12th consecutive day on Monday and yielded returns of 8.9% and 7.3%, respectively during the period as investors lapped up beaten-down stocks from the two categories.

The 12-day rally has also helped both indices to pare their year-to-date (YTD) losses to 16.5% and 9.2%, respectively. From the beginning of 2018 to mid July, the two gauges fell by as much as 23.3% and 16%, respectively.

Although the bourses scaled their fresh all-time closing highs on Monday, the number of stocks hitting their 52-week lows were higher than the stocks hitting their respective 52-week high levels. On Monday, 92 stocks scaled to hit their respective 52-week highs, while 98 stocks hit their 52-week lows.

Domestic markets on Friday opened in green tracking the positive global cues. At 9:41 AM, Sensex was up by 37,413.27 points while Nifty was at 11,321.45 points. On Thursday, Sensex dropped over 200 points to 37,373.08 on heavy selling in metal, auto, banking, capital and realty stocks amid sustained capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months.

Benchmark Sensex snapped its seven-session record setting spree to end 85 points lower today after the RBI hiked the policy rate on inflation concerns.

The Reserve Bank's Monetary Policy Committee raised the benchmark lending rate by 0.25 per cent for the second time in two months.

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