The 30-share index, BSE Sensex ended with marginal gains on Thursday (Sep 18) after Finance Minister P Chidambaram declared that the Indian banking industry was unaffected by the US crisis. 

After losing 550 points in the beginning, bulls took charge during the second half as worldwide markets regained after central banks across the world joined hands to defend against a credit crunch and injected funds into the economy. 

Finally, the Sensex ended the day at 13,315.60, up 53 points, whereas the wider Nifty of the National Stock Exchange closed at 4038 points, up by 0.75 per cent. 

Stock market analyst, Vishwas Agarwal stated that on the Bombay Stock Exchange (BSE) above 13,350, some trading upmoves up to 13,876 level, will be expected only on positive news from Fed meet in US.

If any encouraging news will emerge of this meeting, investors can expect short covering to happen after 2,000 points drop, but this relief recovery cannot be considered as a come back of bull trend, it’s just a relief recovery.

After opening with a gain of 107.79 points at 14,432.08, the 30-share index, BSE Sensex went down on account of heavy selling action witnessed in IT, real estate and banking stocks.

BSE Midcap and Smallcap lost 0.73% and 0.41% respectively.

On Thursday (Sep 11), the Sensex marked its closure after losing 338.32 points, whereas the NSE Nifty fell by 109.95 points.

Indian equities continued their negative journey on Wednesday (Sep 10), as discouraging news poured in from world markets.

Metal, power, realty and PSU stocks suffered heavy selling action.
Capital goods and bank stocks managed to find modest support at lower
levels.

IT stocks went up. Some auto, FMCG and pharma stocks gained on
selective buying support. Mid-cap and small-cap stocks lost their way
after a fairly steady start and closed the day with sharp losses.

Taking signs from weak Asian markets, the BSE Sensex opened with a negative gap of around 100 points at 14,852.20 on Tuesday (Sep 09).

The BSE, which plunged to 14,714.92 during the day, marked its closure at 14,900.76 after losing 44.21 points. It also touched an intra-day high of 14,998.32.

The Nifty, which touched an intra-day high of 4497.50 and an intra-day low of 4418.95, ended the day at 4468.70, down 13.60 points.

Indian stock markets are likely to remain range bound in today’s trading session.

After opening with a gain of 494.41 points, at 14,978.24 on Monday (Sep 08), the market traded in a range bound manner all through the day.

At last, the BSE Sensex ended the day at 14,944.97, up 461.14 points, after hitting a high of 15,107.01 and a low of 14,917.06. The broad-based NSE Nifty gained 130 points at 4,482.30 after touching a high of 4,558 and a low of 4,358.30.