The weekend election impact on the Indian Stock Markets have been unprecedented, particularly on India ETFs. Perhaps no one predicted that the demand for India ETF would be so high that the trading volume will suspend the BSE for a day.
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Shrugging off the worst-ever terror attack on the financial capital, the Bombay Stock Exchange benchmark Sensex on Friday closed 66 points higher, as funds continued to support amid short-covering on expiry of November month in the derivatives sector.
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Amids a sharp decline in Asian and European bourses, domestic exchanges fell like a pack of cards with benchmark Sensex losing over 500 points to two-month low level on selling by funds even as the much-awaited US$ 700 bn rescue package of US inched closer to final approval.
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The Bombay Stock Exchange benchmark Sensex continued its losing streak for the six straight session on Tuesday and lost 480 points in early trade on all-round selling by foreign funds after the collapse of US investment bank Lehman Brothers led to a turnmoil in global stock markets amid depreciating rupee.
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The downward trend continued in the stock markets on Tuesday with the benchmark Sensex closing below 15,000 points level by losing nearly 177 points as selling pressure in heavyweight stocks mainly in banking, realty and metal sectors showed no signs of lessening.
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Smart rally in capital goods, banks and realty counters helped the Indian benchmark Sensex to extend its overnight gains by 224 points at 10:30 hours.
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The Bombay Stock Exchange benchmark Sensex gained for the second straight day on Thursday on continuing buying support in heavyweight stocks, particularly Reliance Industries.
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After the meltdown on Monday, the benchmark Sensex dropped another 338 points, stretching the downward trend for the fourth day in a row, with banking stocks sliding on reports of ICICI Bank reporting a market to market loss of 264.34 million dollar.
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The Bombay Stock Exchange benchmark Sensex today plummeted by 523 points, its biggest loss in the last two weeks with software and metal stocks falling on reports of contraction in US service industry.
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The benchmark Sensex on Monday tumbled by 769 points on fears foreign investment will slow down in the wake of rising inflation in the US that will limit interest rate cuts.
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The Bombay Stock Exchange benchmark Sensex went up by 122 points in early trade on sustained buying by funds in heavy-weight stocks, despite weak global trend.
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Tracking firm global trend, the Bombay Stock Exchange benchmark Sensex opened 247 points higher in early trade on emergence of buying by funds in heavy-weight stocks.
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