The Indian equity market slumped around two per cent on Monday, with the S&P BSE Sensex shedding over 700 points, tracking a similar sell-off globally along with uncertainties over the upcoming result
A global sell-off along with caution ahead of the Assembly election results and a rise in crude oil prices suppressed the key Indian equity indices deep into the red on Monday.
The Indian equity indices opened on a positive note on Friday tracking broadly positive Asian markets.
Bargain hunting and lower crude oil prices lifted the key Indian equity market indices by around 1 per cent on Friday.
The key Indian equity indices surged around one per cent on Friday supported by a rise in banking stocks and easing crude oil prices, with the S&P BSE Sensex closing over 360 points higher.
Fears over possible crude oil production cut by the OPEC group as well as broadly negative Asians stock markets pulled the barometer S&P BSE Sensex index lower by over 570 points on Thursday.
The S&P BSE Sensex dropped over 500 points during the afternoon session of the trade on Thursday.
Uncertainty over the outcome of Assembly elections and a weak rupee sent the Sensex plunging over 350 points during the afternoon session of the trade on Thursday.
Fears over a rise in global trade protectionist measures and a possible crude oil production cut by the OPEC pulled the barometer S&P BSE Sensex index lower by over 570 points on Thursday.
Broadly negative global cues and caution ahead of the RBI policy pushed the key indices during the afternoon session on Wednesday to trade over 0.5 per cent lower from their previous close .
Selling pressure in finance and banking sectors and a slight rise in global crude oil prices dragged the key equity indices lower during the afternoon session of the trade on Tuesday.
The Indian equity market snapped its six-day gaining streak on Tuesday amid caution ahead of the RBI's monetary policy announcement.