Samvat-2077 concludes with 37% gain for markets
Key indices drift lower on Wed; Global stocks turn weak ahead of the US Fed policy announcement; HDFC Bank, ICICI Bank and Kotak Bank suffered losses; Spl 1-hour Muhurat trading session on Diwali (Thursday) to mark the beginning of Hindu calendar year Samvat 2078
image for illustrative purpose
Moving Down In 2nd Straight Session
- BSE Sensex ended 257.14 pts down to 59,771.92
- NSE Nifty fell 59.75 pts to 17,829.20
- SBI shares jump nearly 2% after Q2 earnings
- Shanghai, Hong Kong and Seoul in the red
- Tokyo was closed for a holiday
- Sensex rallied 16,133.94 pts or 36.97% and Nifty soared 5,048.95 pts or 39.50% in Samvat-2077
Mumbai: Domestic equity indices nursed losses for the second straight session on Wednesday as investors stayed on the sidelines ahead of a crucial Fed policy meeting outcome where it is expected to announce tapering of its pandemic-era stimulus measures. The 30-share BSE Sensex ended 257.14 points or 0.43 per cent lower at 59,771.92. Similarly, the broader NSE Nifty slipped 59.75 points or 0.33 per cent to 17,829.20.
The domestic markets closed Hindu calendar year Samvat 2077 with stellar gains. The Sensex rallied 16,133.94 points or 36.97 per cent, while the Nifty soared 5,048.95 points or 39.50 per cent. Markets will have a special one-hour Muhurat trading session on Diwali (Thursday) to mark the beginning of Samvat 2078. "After a sideways movement post its positive opening, the indices took a downturn as major global indices traded weak ahead of the Fed policy announcement.
