Domestic equities saw their worst week in nearly two months despite a minor relief rally on Friday, as foreign institutional investors pressed the sell button and many domestic investors chose to take risk off the table due to uncertainty amid the ongoing General Elections. On top of this, the Reserve Bank of India’s draft norms on project financing further spoil the market sentiment.
The Nifty 50 ended the week 1.9% or 421 points lower at 22,055.20 points, and the Sensex fell more than 1,200 points or 1.6% to 72,664.47 points. With this, the indices also snapped a two-week winning streak.
While the indices ended lower for the week, the rebound seen on Friday softened the blow of the selling intensity. Friday was only the third session in 10 days when the benchmark Nifty 50 registered gains.
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Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 21.20 points or 0.09% to settle at 24,857.30, while the BSE Sensex jumped 99.55 points or 0.12% to 81,455.40. The broader indices ended in mixed territory, with gain led by Largecap and Midcap stocks. Bank Nifty index ended higher by just 93.05 points or 0.18% to settle at 51,499.30. Energy and Media stocks outperformed among the other sectoral indices while FMCG and Pharma stocks shed.