The S&P BSE Sensex plunged 461 points to end at 25,603.
Investors globally pulled out more than $3 billion from equity funds focused on Emerging markets including India in a week amid concerns over the US Federal Reserve's plan of curtailing its stimulus drive starting later this year.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
The hacking took place on the night of February 4.
On the Sensex chart, losses were mainly driven by Hero MotoCorp, Tata Motors, Axis Bank, Tata Steel, Maruti and SBI -- falling as much as 6.19 per cent.
The US Federal Reserve has retained the benchmark interest rate at near-zero level and struck an upbeat note saying that the American economy has continued to strengthen in recent months.
The 30-share Sensex ended down 249 points or 0.94% at 26,304 levels.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
Stock markets opening with losses too put pressure on the domestic unit.
Improvements in the labour market has triggered this sentiment.
With improvement in the housing and manufacturing sectors, the recession-hit US economy has been witnessing signs of stabilisation in recent months, the US Federal Reserve has said.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
Yes Bank was the top gainer in the Sensex pack, soaring 24.03 per cent, after the lender said it had received a binding offer for $ 1.2 billion funding from an overseas investor. SBI, Infosys, Tata Motors, Bharti Airtel, HCL Tech and HDFC too rallied up to 7.69 per cent.
NITI is trying to partner with other knowledge institutions.
The recession-hit American economy is slowly witnessing signs of stabilisation, with significant reduction in the pace of GDP contraction and job losses. Going by the latest Beige Book from the US Federal Reserve, economic activity in most of the districts in the country have either improved or stabilised.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Indian bonds remained volatile over the past week on uncertainties over the maiden offshore sovereign bonds issuance, according to a report by DBS Group Research.
The local currency had gained 7 paise to close at 66.57 in Monday's trade.
This year, the combined net profit of 24 index companies, which have declared their June-20 numbers, has declined by 37 per cent year on year, while their revenues, including other income, is down by 21 per cent YoY so far.
The US Federal Reserve has earned a whopping $14 billion profit on loan programmes made in the last two years, says a media report.
The 30-share Sensex ended down 563 points at 25,202.
S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.
'If one believes that the Indian stock market will go up 70 per cent every year for the next 10 years, I wish you good luck!'
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
Shares of Yes Bank tanked over 15.52 per cent. Other losers in the Sensex pack included Tata Steel, Maruti, SBI, RIL, Tech Mahindra, ONGC, Vedanta, Bajaj Finance, Hero MotoCorp and TCS, falling up to 3.66 per cent.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
India Inc on Monday said that the Interim Budget was 'absolutely' up to the expectations.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
All policy planners want low interest rate, says Jaitley
Emerging markets like India and China are witnessing a remarkable transformation, despite a slowdown in economic growth, lifting millions of people out of poverty, Federal Reserve Chairman Ben Bernanke has said.
A higher opening in the domestic equity market influenced the rupee uptrend
Sectorally, BSE metal, basic materials, energy, realty, power, oil and gas, finance, FMCG, bankex and telecom indices fell up to 1.71 per cent.
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
Not just India, but Asian peers such as Indonesia, South Korea, Thailand, Taiwan and The Philippines have seen sharp FPI outflows this year
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
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