The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in the opening trade. Similarly, the Nifty tanked 307.50 points or 1.81 per cent to 16,677.70.
NSE Nifty ended 263 points lower at 16,985 whereas BSE Sensex closed 889 points down at 57,011 levels on Friday. The current market pattern indicates a sharp downward reversal.
Markets traded under pressure last week following weak global cues and overall investor sentiment remained downbeat throughout the week, several analysts observed.
The 30-share index declined 319.82 points or 0.55 per cent to 57,581.32 in the opening trade. Similarly, the Nifty fell 91 points or 0.53 per cent to 17,157.40.
Nifty 50 nudged 27 points up and closed at 17,248 levels whereas BSE Sensex surged 113 points and closed at 57,901 levels. The current pattern signals a continuation of range-bound action in the market.
The 30-share index surged 494.12 points or 0.86 per cent to 58,282.15 in the opening trade. Similarly, the Nifty rose 122.15 points or 0.71 per cent to 17,343.55.
Nifty 50 lost 103 points and closed at 17,221 whereas BSE Sensex shed 329 points and closed at 57,788 levels. The current market pattern signals a possibility of some more weakness.
The 30-share index slumped 212.65 points or 0.37 per cent to 57,904.44 in the opening trade. Similarly, the Nifty fell 67.55 points or 0.39 per cent to 17,257.35.
Nifty futures on the Singapore Exchange traded only 1.5 points, or 0.01 per cent higher at 17,334.50, signaling that Dalal Street was headed for a flat start on Wednesday.
Nifty futures on the Singapore Exchange traded 135.5 points, or 0.78 per cent lower at 17,333.50, signaling that Dalal Street was headed for a negative start on Tuesday.
NSE Nifty 50 gained 47 points and closed at 17,516 levels on Thursday whereas BSE Sensex went up 157 points and closed at 58,807 levels. According to experts, these patterns indicate chances of minor downward correction.
The 30-share index opened over 200 points higher, but soon turned negative and was trading 38.52 points or 0.07 per cent lower at 58,611.16 in initial deals.the Nifty slipped 17.60 points
BSE Sensex rose 1.76 per cent or 1,016.03 points to close at 58,649.68 points on Wednesday. The NSE Nifty too closed 1.71 per cent or 293.05 points higher at 17,469.75.
According to market experts, this trade pattern indicates a formation of a pullback rally or a downtrend. This pullback is expected to be short-lived and the weakness could emerge again.
The 30-share index ended 619.92 points or 1.09 per cent higher at 57,684.79. Similarly, the NSE Nifty surged 183.70 points or 1.08 per cent to close at 17,166.90.
The selling pressure was triggered after European markets opened in the negative territory amid concerns over the Omicron variant of the coronavirus, traders said.
The National Stock Exchange further added that the growing interest in equity markets is not restricted to Tier-1 and metro cities.
Indian Energy Exchange is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power.
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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