Reuters - The BSE Sensex on Monday posted its worst monthly fall in more than two years, tracking weak global markets as anti-government protests in Egypt led to risk aversion, with inflation and rate rise fears further dampening sentiment.
Equitymaster submits: Indian stock markets had an extremely weak session today attributed to negative global cues. The BSE-Sensex closed below the psychological 18,000 barrier for the first time since the start of the new financial year 2011-12 (FY12). The markets opened in the red and selling pressure pushed the indices well below the dotted line.
By Equitymaster: Indian stock markets had a weak outing today as sentiment was mainly negative throughout today's session. Indices opened in the red and continued to trade below the dotted line on profit-booking in index heavyweights. It seems that investors are choosing to play it safe ahead of key announcements next week. Next week will see the announcement of the Union Budget as well as the monetary policy of the Reserve Bank of India (RBI).
By Equitymaster: The benchmark indices in Indian stock markets had a weak outing today. The indices opened weak and stayed on the backfoot for most of the session. Towards mid-session the indices regained momentum, but could not sustain the same. Towards the end of the session, selling pressure intensified and the indices closed on a weak note.
Equitymaster submits: Weakness in the global markets impacted the Indian indices as well as the latter languished deep into the red throughout the trading session today. While the BSE Sensex closed lower by around 337 points (down 2%), the NSE Nifty lost around 102 points (down 2%). Midcap and smallcap stocks were also at the receiving end as the BSE Midcap and BSE Smallcap closed lower by 1% each. Losses were largely seen in metals and oil & gas stocks.
By Equitymaster: Indian stock market traded in negative territory throughout the session today. This was on account of weak cues from the Eurozone, as there still seems no concrete resolution to the debt crisis. Markets failed to recover after opening week and ended the day well below the dotted line. While the BSE-Sensex closed lower by around 189 points (down 1.1%), the NSE-Nifty closed lower by around 52 points (down 1%). The smaller indices however fared slightly better, albeit still in the negative.
Indian stock markets had a weak outing today as persistent selling activity across index heavyweights kept them well below the dotted line. There was no respite in the final trading hour either as the indices closed well into the red. While the BSE-Sensex closed lower by around 365 points (down 2%), the NSE-Nifty closed lower by around 113 points (down 2%).
Equitymaster submits: The Indian stock market had a weak outing today, with profit booking among the major heavyweights. In the final trading hour, selling pressure took its toll and the indices closed well below the dotted line.
Despite weak global cues and selling pressure in commodity and energy heavyweights, the indices in Indian stock markets managed to make inroads into the positive territory during the closing hours. While BSE-Sensex edged higher by around 44 points, gains on the NSE-Nifty came in at around 15 points. The BSE Midcap and BSE Small cap indices maintained a status quo and stayed close to the dotted line.
Equitymaster submits: The Indian stock market indices had a weak outing today. Markets started off in the green, however mid-session they moved into the red zone. Persistent selling in index heavyweights caused the indices to close in deep negative territory.
After opening on a negative note, the Indian stock markets moved steadily downwards. However, although they managed to come off the day's lows, they still closed the day significantly in the red zone. While the BSE-Sensex closed 264 points down (a 1.4% fall), the NSE-Nifty closed lower by 76 points (down 1.4%). The BSE Midcap and the BSE Small cap indices faced a similar fate, both down 1.4%.