Sensex, Nifty 50 end the week 2% lower; experts expect volatility to continue

Stock market today: Key equity indices, the Sensex and the Nifty 50, closed in the green on Friday, May 10, on buying in shares of select heavyweights, including ITC, Reliance Industries, Bharti Airtel, NTPC, Hindustan Unilever and Power Grid, amid positive global cues.

However, Friday’s gains in the market were insufficient to offset the losses incurred by the indices during the week. For the week ended May 10, the Sensex and the Nifty 50 ended about 2 per cent lower each, while the BSE Midcap and Smallcap indices fell 3 per cent and 4 per cent, respectively.

Investors lost nearly 10 lakh crore in a week as the overall market capitalisation of the firms listed on the BSE dropped to nearly 396.6 lakh corr from nearly 406.2 lakh crore on Friday, May 3.

On Friday, Sensex snapped its three-day losing run to close 260 points, or 0.36 per cent, higher at 72,664.47, with shares of ITC, Reliance Industries and Bharti Airtel among the top contributors to the gain.

After five consecutive days in the red, the Nifty 50 ended 98 points, 0.44 per cent, higher at 22,055.20.

(More to come

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.


Published: 10 May 2024, 03:33 PM IST

Source link


Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Multibagger JSW Energy share price rises 7% . Should you Buy, Sell or Hold?

Fri May 10 , 2024
Multibagger JSW Energy Share price saw sharp rise of almost 8% during the intraday trades on Thursday . JSW Energy Share price however ended the day with gains of 7.03% on the NSE and is up 116% in a year and almost 750% in 5 years.  The rising capacities. increasing […]
Multibagger JSW Energy share price rises 7% . Should you Buy, Sell or Hold?

You May Like