On Wednesday, rupee had settled at 74.19 against the US dollar.
'Trading holidays in times of current uncertainty created by Coronavirus are going to add fuel to the fire of volatility, impacting the market volume and turnover,' an expert says.
The large part of the fall was led by consistent selling by FPIs who have pulled out more than Rs 62,000 crore ($8.27 billion) from Indian equity markets from the cash segment so far in March, provisional data showed.
The impact of Coronavirus and Yes Bank crisis should be seen as a blessing in disguise as it has acted as a catalyst in cooling down the valuations and has helped in bringing it down to more realistic levels.
The foreign exchange markets were also extremely volatile, with traders snapping up the yen and selling off the dollar.
The market capitalisation figures of companies change daily with stock price movement.
The move to tighten disclosure norms will ensure better transparency, says the market regulator.
The market breadth was positive, with more than two stocks gaining for every one decline.
Top gainers in the Sensex pack included SBI, Infosys, Tata Motors, Yes Bank and Sun Pharma, rising up to 4.35 per cent.
Sensex ended the day after rising by 220.03 points while Nifty, pushed up by IT stocks, brought the index to 11,844.
Six-fold jump in SBI's Q2 profits changed the mood of the markets.
While auto sales indicate consumer spending may increase, the worst could be over for wholesale lending banks.
Many stocks which opened with a decline were able to recover during the day as there was no major adverse news flow. This is one factor which indicated that the underlying mood among investors was changing.
More companies, which announced their results, indicated that their festive season sales had been better than their estimates, leading to a rise in consumption stocks
Dutch investors are not sure how safe their data and technology is while doing business in China. India, therefore, becomes a natural option.
After opening in the green and staying there till the time the RBI policy announcement -- cutting the repo rate by expected 25 basis points -- came, the stocks then started declining.
A good festive season would ensure that the 3Q numbers in January would be elevating. Perhaps the govt, more than anybody else, would be hoping that this turns out to be the case.
BSE Sensex zoomed 1,075.41 points to close at 39,090.03, while the broader Nifty rallied 329.20 points to 11,603.40.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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