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Sensex plunges by 777.16 points during last week
Economy

Sensex plunges by 777.16 points during last week

Agency News

Mumbai, Jul 13 : The Benchmark Index of Bombay Stock Exchange plunged by 777.16 points or 1.97 pc to end the volatile week under review at 38,736.23 ,as the government's move to increase minimum public shareholding in listed companies disappointed investors.

Weak global cues amid rising crude oil prices also played a spoilsport.The Nifty too fell 258.65 points or 2.19 pc to settle at 11,552.50. BSE Mid-Cap fell 171.77 points or 1.17 pc to settle at 14,553.88.BSE Small-Cap fell 365.25 points or 2.58 pc to settle at 13,776.58.Trading for the week began on a weak note as heavy selloff across all sectors dragged benchmark indices steeply lower on Monday July 8, 2019.Sensex slumped 792.82 points to settle at 38,720.57.Nifty too declined 252.55 points to to settle at 11,558.60.The Sensex ended with small gains, while the Nifty ended almost flat after a volatile trading session on Tuesday, July 9.2019. The Sensex rose 10.25 points to settle at 38,730.82. Nifty fell 2.70 points or to settle at 11,555.90. The market ended lower on Wednesday, July 10, 2019, amid renewed concerns over trade tension between the United States and India. The Sensex fell 173.78 points to settle at 38,557.04. Nifty fell 57 points to settle at 11,498.90.

The Nifty snapped a four-day losing trend on Thursday, July 11,2019, amid broad based buying support, backed by positive global cues. The Sensex rose 266.07 points to settle at 38,823.11. The Nifty rose 84 points to settle at 11,582.90. The benchmark indices lower on Friday, July 12, 2019. Firm crude oil prices and weakness in private sector banks put pressure on key indices. Sensex fell 86.88 points to 38,736.23. Nifty fell 30.4 points to 11,552.50. (UNI