The Benchmark Sensex on Thursday slumped over 301 points to dip below the 34,000-mark in early trade, largely in sync with meltdown at other Asian markets following overnight losses at the Wall Street and fresh weakness in the rupee.

Besides, investors were also cautious ahead of the last session of October month expiry in the derivatives segment.

Mumbai: The benchmark BSE Sensex on Tuesday extended its losing spree for the fourth straight day and dipped below the 34,000-mark in early trade, on unabated foreign fund outflows and selling by domestic institutional investors amid weakness in Asian markets.

Moreover, the rupee depreciating by another 23 paise to 73.79 against the dollar also dampened sentiments.

The benchmark BSE Sensex on Monday recovered over 321 points in early trade on fresh buying by investors amid a firm trend in Asian markets and better-than-expected earnings from HDFC Bank.

Moreover, the rupee appreciating by another 8 paise to 73.24 against the US dollar and easing crude prices also buoyed sentiments.

Investors have lost close to Rs 4 lakh crore in the last two trading sessions alone; the total wealth eroded since September is now Rs 22.3 lakh crore.

On Friday, the Sensex shed 463.95 points, or 1.3%, to close the session at 34,315.63 while the broader Nifty 50 pared 149.5 points, or 1.4%, to end at 10,303.55. With Friday’s fall, the Nifty 50 has come off more than 12% from its August highs.

The benchmark BSE Sensex sank over 408 points in early trade on Friday on heavy selling in IT, energy and banking stocks triggered by weak trends in global markets.

The broader NSE NIfty dipped below the 10,400-mark as 32 of its constituents led by Indiabulls Housing Finance dropped. The NSE Nifty index fell 80.85 points, or 0.77 per cent, at 10,372.30.

The equity benchmark Sensex rallied for the fourth straight session Wednesday, and jumped 267 points, on encouraging second quarter earnings by tech major Infosys and positive global cues.

The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions.

The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

Shares of Hathway Cable and DEN Networks rallied up to 8 per cent in opening deals on Tuesday on reports that Mukesh Ambani led-Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom, and DEN Networks, as it seeks to ramp up coverage of its ambitious high-speed broadband network.

Mumbai: Indian equity markets rose the most in nearly two-and-a-half years on Friday, recouping most of the losses from Thursday, in sync with a bounceback in world equities. A a recovery in rupee also helped the sentiment.

The BSE’s 30-share Sensex rose 2.15% or 732.43 points to close at 34,733.58 points, while the National Stock Exchange’s 50-share Nifty closed 2.32% or 237.85 points up at 10,472.50 points.

The BSE benchmark Sensex staged a strong comeback by recovering over 600 points in opening trade Friday following fresh purchases made by domestic investors ahead of key macroeconomic data to be released later in the day, fall in global crude prices and rupee recovery.

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