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Sensex slumps 764.57 points in week ended August 2
Economy

Sensex slumps 764.57 points in week ended August 2

Agency News

Mumbai, Aug 3 : The Benchmark index of the Bombay Stock Exchange (BSE) dipped by 764.57 points for the fourth straight week under review on subdued corporate earnings.

Besides, trade war tensions between the US and China along also impacted sentiment among investors, dealers said. NSE Nifty too fell 286.95 points or 2.54 pc to settle at 10,997.35.

The BSE Mid-Cap fell 309.27 points or 2.23 pc to settle at 13,546.92. The BSE Small-Cap index fell 563.99 points or 4.32 per cent to settle at 12,496.35.

The market started the week on a negative note and edged lower on Monday, July 29, 2019. Weakness in auto stocks put pressure on indices. Domestic shares mirrored weakness in other Asian stocks. The Sensex fell 196.42 points to settle at 37,686.37. Nifty too fell 95.10 points to settle at 11,189.20.

Key equity benchmarks extended losses for the second straight session amid broad-based selling pressure on Tuesday, July 30, 2019. The Sensex fell 289.13 points to settle at 37,397.24. Nifty fell 103.80 points to settle at 11,085.40.

Markets snapped two-day losing streak on Wednesday, July 31, 2019. Sensex rose 83.88 points to settle at 37,481.12. Nifty too rose 32.60 points to settle at 11,118.00. The market ended steeply lower on Thursday, August 1, 2019 tracking losses in broader Asia. The sentiment was dampened after US Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since the financial crisis. The Sensex fell 462.80 points to settle at 37,018.32. Nifty fell 138 points to settle at 10,980.

Key equity barometers ended higher on Friday, August 2, 2019 reversing steep intraday losses. The barometer index, the S&P BSE Sensex, rose 99.90 points or 0.27 percent to 37,118.22. Nifty too rose 17.35 points to 10,997.35. (UNI)