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Sensex goes down 425.14 pts during week

Sensex goes down 425.14 pts during week
May 23
13:52 2020

Mumbai, May 23 : The India’s equity market continued to be under pressure during the entire week, as the Bombay Stock Exchange(BSE) Sensex registered a drop of 425.14 points or 1.37 pc to settle at 30,672.59 amid high volatility.

Besides the rising number of Coronavirus cases throughout the world, investor sentiment suffered due to deterioration in relations between United States and China.

The latest round of rate cut’s announced by the RBI and other steps to boost the Corona virus-hit economy doesn’t seem to have aroused enthusiasm among investors.

The National Stock Exchange Nifty too slipped by 97.60 points or 1.07 pc to settle at 9,039.25.

The BSE Mid-Cap fell by 230.30 points or 2 pc to settle at 11,270.02 whereas BSE Small-Cap declined registerd a fall of 164.63 points(1.54 per cent) to settle at 10,524.23 points.

On Monday, the Sensex tumbled down 1,068.75 points to settle at 30,028.98. Nifty too lost 313.60 points to settle at 8,823.25.

On Tuesday, due to momentum in other Asian markets amid optimism regarding a potential vaccine for the Corona virus, the sensex rose by 167.19 points to settle at 30,196.17.

Nifty gained 55.85 points to settle at 8,879.10.

On Wednesday, supported by firmness in HDFC twins and Reliance Industries. Sensex jumped 622.44 points to settle at 30,818.61. Nifty too gained 187.45 points to settle at 9,066.55.

On Thursday, extending its winning run for the third straight session. Sensex rose by 114.29 points to settle at 30,932.90. The Nifty 50 index rose 39.70 points to settle at 9,106.25.

On Friday, the Sensex and the Nifty ended lower, ending their three-day rising streak due to negative global cues. Sensex was down 260.31 points to settle at 30,672.59. Nifty too fell 67 points to settle at 9,039.25.

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Tarannum Naaz

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