Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
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The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
This weakness is likely to continue in the near-term.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.