Home / Mumbai / Mumbai News / Article /
Disaster day
Updated On: 22 October, 2018 07:55 AM IST | Mumbai | Arun Kejriwal
Mid-week reverse means it is finish with a fizzle, instead of with a flourish
Listen to this article :
PM Narendra Modi, BJP President Amit Shah, Home Minister Rajnath Singh and Finance Minister Arun Jaitley in New Delhi during the BJP Central Election Committee (CEC) meeting for assembly elections in five states. Pic/PTI
Things began on a positive note and midweek on Wednesday it appeared this would be a big recovery week for the markets. Then, disaster struck. Markets which were up midway on Wednesday, reversed and closed with losses for the day. Thursday was a holiday and the weakness continued into Friday. As a result markets ended the week with substantial losses. BSESENSEX lost 417.95 points or 1.20 per cent to close at 34,315.63 points. NIFTY lost 168.95 points or 1.615 to close at 10,303.55 points.
The swing
Coming to Wednesday, the high on the BSESENSEX was 35,605 and the low 34,727 points. The intra-day swing was 878 points while the net change was negative 383 points. Similar movement on NIFTY saw an intraday high of 10,710 and a low of 10,436 points with an intraday movement of 274 points. The net change was negative 131 points. This fall and change in sentiment could not save the markets even when they reopened after a break on Friday.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT