The BSE Sensex and NSE Nifty pared some of their gains on Monday in late hour of trade and closed on a flat note on account of selling in frontline blue chip stocks taking cues from European counterparts. The sentiments also came under pressure after Moody’s poll stated that the greatest challenge facing the Indian economy is exposure to external shocks such as interest rate hike in the US and slowdown in China and the risk has risen since last year. Sensex closed 50.29 points up at 24,485.95, while Nifty 50 index settled 13.70 points up at 7,436.15.

Idea Cellular has dipped 5% to Rs 108, also its 52-week low on the BSE in otherwise firm market after the company reported a consolidated net profit of Rs 764 crore against an average analysts estimate of Rs 776 crore for the quarter ended December 2015 (Q3FY16).

The company had profit of Rs 767 crore in the same quarter year ago and Rs 809 crore in previous quarter.

Market benchmark Sensex on Thursday sinked further to crack below the 24,000-mark after over 20 months by shedding 100 points to 23,962.21, bogged down by persistent selling in Asian shares, following fresh dip in oil prices.

The broader NSE Nifty also broke below the 7,300-mark. Profit-booking in blue-chips after early gains, caution ahead of earnings announcement from more key corporates and further weakening of the rupee, which again breached the 68 mark against the dollar also took its toll.

Markets extended gains helped by a rebound in bank shares along with index heavyweight Reliance Industries and Infosys leading the gains.

At 10:15am, the S&P BSE Sensex was up 172 points at 24,360 and the Nifty50 was up 50 points at 7,401.

Mumbai: Market benchmark Sensex on Monday fell to a 20-month low after plunging 266.67 points to 24,188.37, dragged down by a massive dip in exports, while Reliance Industries Ltd (RIL) cracked over 5% on crude oil slipping below $28 per barrel.

Moreover, muted earnings and widening trade deficit to $11.6 billion in December as against $9.1 billion in the year-ago period, further battered the market mood, which is already rattled by depreciating rupee and concerns over health of the Chinese economy.

Banking shares continued under pressure with the Nifty Bank index hitting 15-months low on the National Stock Exchange (NSE).

At 03:03 p.m. Nifty Bank index, gauge of private and public sector bank index, was down 1.7% or 257 points at 15,614 as compared to 0.47% decline in the Nifty 50. The bank index hit an intra-day low of 15,453, its lowest level since October 13, 2014, in early morning trade.

The BSE Sensex pared some losses after falling over 300 points in the early trade on Monday and closed 109.29 points down at 24,825.04 following weak global cues. NSE Nifty settled 37.50 points down at 7,563.85.

In the 50-share index, Vedanta, Reliance Industries, Tata Motors, Grasim and Maruti Suzuki gained between 1.65 per cent and 4.90 per cent. On the other hand, Wipro, Mahindra & Mahindra, Adani Ports, Tech Mahindra and Dr Reddy’s Labs slid between 2.70 per cent and 3.50 per cent.

The benchmark BSE Sensex extended losses on a fourth straight day as it fell by over 378 points while NSE Nifty dipped below the 7,700 level in early deals as further sell-off in China forced the market to halt trading for the second time this week. In addition, weakness in the rupee against the American currency too weighed on the sentiment.

Asian markets were in deep red with Shanghai shares crashing 7.32 per cent, forcing authorities to suspend trading, less than half an hour after opening. The fall came amid worries over slowing growth in the world’s second-largest economy, which have roiled investors worldwide, and with pressure on its currency from capital outflows.

Benchmark share indices ended at their lowest closing level in three week amid a sell-off in late trades after weak economic data from China and devalution of the yuan sparked global growth concerns while the ongoing geopolitical tensions in the Middle-East also dampened sentiment.

The S&P BSE Sensex ended down 174 points at 25,406 and the Nifty50 closed 44 points lower at 7,741.

NEW DELHI: The domestic equity market traded rangebound on Tuesday, tracking mixed cues from other Asian and European markets. While the Chinese state authorities intervened to ease the panic in the market, the volatility in stocks kept investors nervous, hampering initiation of fresh positions on the benchmarks.

The S&P BSE Sensex lost 43 points, or 0.17 per cent, to close the day at 25,580. Nifty50, the 50-stock barometer, closed at 7,785, down 6.69 points, or 0.1 per cent. Tata Steel and GAIL were the top gainers in the index.

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