iPhone | iPad
Android
HuaweiEastwood, who celebrated his 93rd birthday on Wednesday, is probably Hollywood’s greatest. Revered as an icon, he has deeply inflfluenced the art of movie-making
KT APPDOWNLOAD
Market ends its five-week rally
MUMBAI - Indian equity markets ended their five week gaining rally in a truncated trading session this week.
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, declined 443.64 points or 2.92 per cent in the week to close at 14,724.18 on Thursday.
The S&P CNX Nifty index of the National Stock Exchange lost 98.80 points or 2.18 per cent in the week to end at 4,430.70.
The BSE mid cap index fell 63.55 points of 1.07 per cent at 5,823.42 in the week and BSE small cap index lost 71.30 points or 0.99 per cent at 7,110.44.
India's inflation touched 12.44 per cent for the week ended August 2 as compared to 12.01 per cent for the week before, but that did not have an effect on the stocks as the announcement was made after the markets closed Thursday.
On Wednesday, market regulator Securities Exchange Board of India (SEBI) held a review meeting where it was decided to cut down on the timeline of rights issue to 43 days from 109 days. That did have an adverse effect.
SEBI the markets attarcated $121.20 million in foreign institutional investments during the week.
The week started on a positive note on the back of strong global cues and fall in crude oil prices. The Sensex closed with a gain of 336.10 or 2.22 per cent at 15,503.92 on Monday and the Nifty rose 90.90 points or 2.01 per cent to 4,620.40.
The indices ended lower on Tuesday, on the back of poor industrial output data. The Sensex lost 291.79 pints or 1.88 per cent to 15,212.13. The Nifty lost 68.15 points or 1.47 per cent to 4,552.25.
On Wednesday for the second consecutive day the Sensex closed with a loss of 119.01 or 0.78 per cent at 15,093.12 and the Nifty slipped 23.2 points or 0.51 per cent at 4,529.05.
The markets extended losses for the third day running after a rise in crude oil prices which rekindled fears of inflationary pressure.
On Thursday the Sensex fell 368.94 points or 2.44 per cent to 14,724.18 and the Nifty lost 98.35 points or 2.17 per cent to close at 4,430.70.
More news from
Federal Security Service says devices including those of domestic Russian subscribers as well as foreign diplomats have been compromised
Company unveils new products to widen offerings
Report says Benzema received a two-year deal worth 400 million euros to relocate to Saudi Arabia
It aims to support SMEs by offering industry-related advice, data sharing, and collaboration expertise
For the first time since the Covid pandemic struck, millions of Haj pilgrims will be performing their rituals at the holy mosque
First-season handler has long had faith in Ahmed Al Shaikh-owned colt's credentials as an Epsom Derby contender
As an endeavour to promote emotional wellbeing in the society, the institute offers free of cost wellness sessions for people to experience