The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
After a volatile session, Sensex closed the day 563 points lower
Sensex remained volatile through the day.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
The rupee fell to a two-year low of 64.84 against the US dollar.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Most Asian markets ended with gains.
Bank shares were the top gainers led by ICICI Bank.
There are few strategies to invest safely in a volatile market.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Markets closed in the red on domestic worries.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
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Markets ended lower on profit taking ahead of June F&O expiry.
Indian equity markets registered their highest single-day percentage gains since early October.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Market breadth is positive with 942 advances and 196 declines.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
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Banks, real estate and metal scrips among the top losers.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Bank shares were the top losers after sharp gains last week.
Asian shares ended higher after a string of positive US economic data.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
The Survey shows fiscal consolidation despite slowdown in growth.
Bank of Baroda ended flat after sharp gains in the previous session.
Banks stocks continued to trade weak along with FMCG major ITC.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
The local markets are expected to react to global triggers until the government announces the Union Budget.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
