December 24, 2024 05:18 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait
SensexNifty

Indian Market: Sensex rallied by 433.68 pts during week

| @indiablooms | Aug 08, 2020, at 05:25 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange advanced by 433.68 points or 1.15 pc at 38,040.57 in the week under review after the Reserve Bank of India (RBI) left key interest rates unchanged and allowed banks to restructure certain loan as part of efforts to revive the economy.

However, ratcheting US-China tensions and mounting COVID-19 cases capped gains.

The Nifty gained 140.60 points or 1.27 pc at 11,214.05.

The BSE Mid-Cap index rose 459.76 pts or 3.34 pc to settle at 14,218.87. Small-Cap rallied 646.93 points or 4.97 pc to settle at 13,668.69.

On Monday, the Sensex slumped 667.29 points to settle at 36,939.60 while the Nifty 50 lost 173.60 points to settle at 10,899.85 following weak domestic economic data, even a surge in fresh coronavirus cases and intensifying US-China tensions also put pressure on stocks.

On Tuesday, snapping their four-day losing streak.

The Sensex jumped 748.31 points at 37,687.91. The Nifty rallied 203.65 points to settle at 11,095.25 on firm Asian Market.

On Wednesday, the market remained calm as the Sensex fell 24.58 points to settle at 37,663.33. Nifty rose 6.40 points to settle at 11,101.65.

On Thursday, the Sensex zoomed up by 362.12 pts to 38,025.45 as the Reserve Bank of India (RBI) left key interest rates unchanged and allowed banks to restructure certain loans as part of efforts to revive the economy.

The Nifty jumped 98.50 points to settle at 11,200.15.

On Friday the Sensex ended almost steady, rising by 15.13 pts to 38,040.57 and the Nifty rose 13.90 points to settle at 11,214.05.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.