Diabytes
Stocks close News
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Extending its record-breaking run for the third day, the benchmark Sensex on Monday surged to close at a new life high of 31,109 while the Nifty ended above 9,600 for the first time ever as ample liquidity pushed up buying.
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The NSE Nifty reclaimed the 9,200-mark by surging 98.55 points, or 1.08 percent, to close at 9,217.95 after moving in a range of 9,225.40 and 9,130.55.
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Investors chose to sit tight Wednesday as the Sensex remained in the bearish territory for the second day, dropping further by 98 points, and anxiety concerning state poll results and a probable Fed rate hike grew.
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Keeping a positive momentum, the Sensex started off by edging up 70 points on Wednesday as domestic investors and retailers stepped up buying amid a mixed trend in Asia.
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The benchmark BSE Sensex reclaimed the 26,000-mark by rising over 406 points, while Nifty closed above the 8,000-level on the back of value buying in blue-chip stocks.
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The 50-share NSE Nifty reclaimed the 7,700-level by gaining 138.20 points to 7,735.20.
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In its biggest fall in five weeks, Sensex plummeted over 371 points to slip below the 25,000-mark as investors booked profits in recent out-performers ahead of derivatives settlement and the closing of 2015-16 financial year on Thursday
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The 50-share NSE Nifty broke below the crucial 7,500-level and settled lower by 78.15 points or 1.04 percent at 7,460.60.
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The NSE Nifty after recapturing the crucial 7,500-mark closed at 7,485.35, up 9.75 points, or 0.13 percent.
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The 50-share NSE Nifty failed to hold on to the psychological 7,100-mark as it tripped 90.85 points, or 1.28 percent, to end at 7,018.70.
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The 50-share NSE Nifty also broke below the 7,200-mark with a plunge of 125 points.
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At the close, the NSE Nifty was up 23.80 points, or 0.33 percent, at 7,234.55.
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The BSE benchmark Sensex opened higher at 23,237.23 and hovered in a range of 23,434.91 to 22,920.84 before finishing at 23,381.87, showing a gain of 190 points or 0.82 percent.
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The benchmark BSE Sensex slumped by over 800 points or 3.45 percent to 22,950.90 while the Nifty crashed 232.30 points or 3.21 percent to 6,983.40.
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Here are the reasons why Sensex ended at 21-month low.
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The 50-share NSE Nifty tumbled 82.50 points or 1.13 percent to close at 7,215.70 after touching a low of 7,177.75.
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The 50-share NSE Nifty dipped below the psychological 7,300-mark by tumbling 89.05 points or 1.21 percent to close at 7,298.20.
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During the week, Sensex dropped by 253.72 points or 1.02 percent and NSE Nifty fell 74.45 points or 0.98 percent.
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The NSE Nifty reclaimed the crucial 7,400-mark by recovering 42.20 points or 0.57 percent to 7,404.
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The 50-share NSE Nifty cracked below the 7,300-level by ending 32.50 points or 0.44 percent down at 7,276.80, its lowest closing since May 30, 2014.
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