Investors' wealth plunged over Rs 3.91 lakh crore on Friday amid an extremely weak broader market trend. The BSE benchmark tanked 773.11 points or 1.31 per cent to settle at 58,152.92 after a weak opening. During the day, it tumbled 1,011.93 points to 57,914.10.
The S&P BSE Sensex ended higher by 464 points or 1.95% at 24,243.
Investors seem to be shying away from stocks of companies in the 'digital' space with most counters that comprise the Nifty India Digital index giving negative returns over the past year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries, such as software, e-commerce, IT-enabled services, industrial electronics, and telecom services. The fall in some of these stocks over the past year has been steep; the sharpest decline of around 60 per cent was seen in shares of PB Fintech (parent company of Policybazaar).
Mixed earnings and not so encouraging macroeconomic data dented sentiment, Ajit Mishra, VP - Research, Religare Broking Ltd said. In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent, while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame high prices. In the broader market, BSE Midcap declined 0.73 per cent while smallcap dropped 0.45 per cent.
The S&P BSE Sensex ended down 321 points at 23,089.
Bajaj Finserv was the top loser in the Sensex pack, shedding around 2 per cent, followed by HDFC, M&M, Bharti Airtel, UltraTech Cement and Kotak Bank. NSE Nifty fell 77.95 points to 15,030.15.
The S&P BSE Sensex surged 267 points to end at 23,649.
The S&P BSE Sensex ended down 362 points at 23,191.
L&T was the top loser in the Sensex pack, shedding around 2 per cent, followed by Reliance Industries, Bajaj Finserv, IndusInd Bank, SBI, Maruti, Axis Bank and Bajaj Auto.
The S&P BSE Sensex closed 266 points lower at 24,021.
Titan was the top loser in the Sensex pack, shedding over 1 per cent, followed by TCS, HCL Tech, Reliance Industries, UltraTech Cement and Bharti Airtel. NSE Nifty settled 45.65 points down at 15,814.70.
The S&P BSE Sensex gained 291 points to end at 24,480.
The S&P BSE Sensex ended 143 points at 24682 after hitting 52-week low of 24,597.
The S&P BSE Sensex plunged 555 points to end at 24,852.
The S&P BSE Sensex ended down by 43 points at 25,580.
The S&P BSE Sensex tumbled 534 points to close at 25,627.
Billionaire philanthropist George Soros believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government -- a statement which was strongly countered by BJP as an attack on Indian democracy.
The S&P BSE Sensex closed lower by 145.25 points at 25,590.65.
The S&P BSE Sensex surged 217 points to end at 25,736.
The S&P BSE Sensex lost 285 points to end at 25,519.
Winning is all what matters to Kolkata Knight Riders captain Gautam Gambhir as he intends to be "mean winner than a polite loser" when the reigning IPL champions take part in the upcoming Oppo Champions League Twenty20.
The S&P BSE Sensex ended 274 points to trade at 25,036.
The 30-share Sensex ended at 25,638.11, down by 248 points.
ONGC was the top loser in the Sensex pack, shedding around 3 per cent, followed by Sun Pharma, PowerGrid, Axis Bank, HDFC Bank, Bharti Airtel and Kotak Bank. NSE Nifty declined 124.10 points to 14,906.05.
A firm opening in the European market uplifted the mood.
The 30 share Sensex ended at 25,776 levels, down by 44 points.
The broader markets outperformed the benchmark indices.
HCL Tech was the top loser in the Sensex pack, skidding over 4 per cent, followed by Tech Mahindra Dr Reddy's, Wipro, TCS, Titan and Infosys. NSE Nifty plunged 167.80 points to 17,110.15.