Stock markets, which are facing the heat of political uncertainty over the 2G spectrum scam, have come under pressure as investors are pulling out their money to invest in the primary market.
Several factors, like fear of FII withdrawals, high inflation numbers, telecom scam, RBI warning, etc, saw the markets plummet on Thursday.
The stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
The trends remained sluggish in the primary stock market
'People don't like me wearing saris. But I am an Indian drag queen. I will wear a sari.'
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
Metals bucked the trend and shone across the board.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
The Sensex has slid 18.5 per cent from its January 2015 peak.
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Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
Most Asian markets ended with gains.
Sensex ends in green, bluechips in spotlight.
Sensex sinks into red at close on growth concerns.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
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Bank shares were the top losers after sharp gains last week.
Banks stocks continued to trade weak along with FMCG major ITC.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
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