Sensex slumps 544.97 pts during week

Sensex slumps 544.97 pts during week

Agency News

Mumbai, May 16: The Indian equity market remained under pressure for another week, as the benchmark Index of Bombay Stock Exchange plummeted by 544.97 points or 1.72 pc to settle at 31,097.73 in a week under review as developments on the coronavirus front likely continued to weigh on investor sentiment. NSE Nifty 50 inclined 114.65 points or 1.24 pc to settle at 9,136.85. BSE Mid-Cap index rose 76.51 or 0.67 pc to settle at 11,500.32.

BSE Small-Cap index gained 50.16 points or 0.47 pc to settle at 10,688.86. On Monday, the Sensex fell 81.48 points to settle at 31,561.22. Nifty fell by 12.30 points to 9,239.20. On Tuesday, the Sensex fell 190.10 points to settle at 31,371.12. Nifty too fell 42.65 points to settle at 9,196.55. On Wednesday, as Prime Minister Narendra Modi's announcement of Rs 20 lakh crore economic stimulus package boosted investor sentiment. BSE Sensex jumped 637.49 points to settle at 32,008.61.

Nifty gained 187 points to settle at 9,383.55. On Thursday, the Sensex tumbled 885.72 points to settle at 31,122.89. Nifty 50 lost 240.80 points to settle at 9,142.75, tracking weak global cues. Trading was volatile due expiry of weekly index options. On Friday, the key equity indices ended a volatile session with marginal loss. Sensex fell 25.16 points to settle at 31,097.73. Nifty 50 lost 5.90 points to settle at 9,136.85. (UNI)