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Nifty concluded on a downbeat tone, following the lead of the global market, with the majority of sectoral indices also doing so, said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio
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The ongoing tension between Israel and Gaza continues to weigh on investor sentiment, likely resulting in subdued market conditions.
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Equity benchmark indices declined in early trade on Thursday, falling for the second day running, amid weak trends in global markets
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After a day's breather, the 30-share BSE Sensex plunged 551.07 points or 0.83 per cent to settle at 65,877.02
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The 30-share BSE Sensex jumped 392.89 points to 66,559.82 in early trade. The Nifty climbed 118 points to 19,849.75
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The 30-share BSE Sensex declined 115.81 points or 0.17 per cent to settle at 66,166.93. During the day, it fell 243.36 points or 0.36 per cent to 66,039.38
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The stock market opened on a subdued note on Friday, with the Sensex and Nifty both experiencing a downturn as they began the trading day
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Indian stock market displayed resilience as indices experienced an upswing on Tuesday's opening bell
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Investors stayed on the sidelines and refrained from taking risks amid uncertainty due to the Israel-Hamas conflict, analysts said.
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Global oil benchmark Brent crude declined 0.02 per cent to USD 83.94 a barrel. The BSE benchmark had climbed 405.53 points or 0.62 per cent to settle at 65,631.57 points on Thursday. The Nifty had advanced 109.65 points or 0.56 per cent to end at 19,545.75 points.
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The Nifty continued the positive momentum it had initiated during the previous trading session. Market analysts emphasized the importance of the Nifty crossing the 19,767 level to confirm the sustainability of this bullish trend.
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The stock market, which witnessed a challenging start to the week with consecutive declines, saw an encouraging uptick on Thursday
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The 30-share BSE Sensex plunged 533.13 points to 64,978.97. The Nifty declined 153.35 points to 19,375.40
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The World Bank, meanwhile, retained India's GDP growth forecast for the financial year 2023-24 at 6.3 per cent, noting that the country continued to show resilience against the backdrop of a challenging global environment.
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Equity benchmark indices declined in early trade on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues
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He said that the metal prices have been rising optimistically over the past few weeks, which was one of the factors driving the metal sector.
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Nifty witnessed minor profit booking and fell more than 100 points from day's high of 19726.
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The indices slumped sharply after the US central bank, while keeping its interest rate steady in the September meeting, hinted that it may again hike rates going ahead if need be, in its fight against inflation.
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The exchange said the growth in the number of participants can be attributed to the momentum observed in capital markets.
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In Asian markets, Shanghai ended in the green while Tokyo and Hong Kong settled lower. Trading was closed in South Korea for a holiday.