Indices closed at the day’s low after a sharp sell-off in the last one hour dragged the market. Nifty plunged 1.21 per cent to close below 16,900 while Sensex tanked 638 points. Nifty Midcap and Nifty Smallcap slipped 1.25 per cent & 0.66 per cent, respectively.  

It was carnage on Friday as a severe sell-off in the Indian equity markets took investors by surprise. Nifty tumbled 1.72 per cent to close just above 17,300 while Sensex tanked more than 1,000 points.

Indices traded with huge volatility on Thursday’s weekly expiry. Nifty plunged 0.50 per cent while Sensex dipped 350 points.

Major indices ended Wednesday’s trading session on a weak note, ahead of US Federal Reserve meeting scheduled later this evening. Nifty lost 0.55 per cent while Sensex dipped 265 points.

Indices witnessed selling pressure towards the end as Nifty closed above the 17,800 level. The benchmark index jumped 1.10 per cent while BSE Sensex climbed 578 points.

Broader Indices closed on a higher note as financials, FMCG, media, and auto led a fantastic short-covering rally. Nifty bounced off nearly 200 points from its day’s low to close above the 17,600 level.

Indices faced a severe sell-off as fears of uncertainty around interest rate hikes and soaring inflation weighed on investors’ sentiment. Ahead of the weekend, investors chose to book profit as Nifty plunged 1.94 per cent to close at 17,530 while Sensex tanked 1,094 points.

Indices closed at their day’s low as Nifty plunged 0.70 per cent on the volatile weekly expiry day. Sensex ended below the 60,000 level, tumbling 412 points

Going ahead, on Nifty, the level of 18,000 is likely to act as a stiff resistance as the maximum concentration of open interest is seen around this strike on the Call option side with over 73 lakh shares while in today’s session, over 3 lakh shares were added (this data is on a provisional basis). 

On a fairly volatile day, Nifty managed to close above 17,600 after a gap-down opening, The benchmark index slipped 0.18 per cent while Sensex lost 168 points.