However, the indices later recovered on management of these companies allaying concerns over their financial position.

On Wednesday, the Sensex extended losses for the third straight session, to end at a near two-month low as cautious investors pared their portfolios, ignoring positive global cues and recovery in rupee.

The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.

While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level.

The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 

Sameet Chavan, Chief Analyst, Technical and Derivative at Angel Broking, takes viewers through all the market action today. After rallying for two sessions, the Sensex and Nifty closed over 1% lower on Monday as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency.

After rallying for two sessions, the Sensex and Nifty closed over 1% lower on Monday as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency.While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on do...

While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on domestic bourses, brokers said.

Despite steps such as withdrawing withholding tax on Masala bonds, allow some breathing space to foreign portfolio investors, and check non-essential imports and promote exports in order to arrest the decline in rupee, the local currency fell over 50 paise below the 72 level per dollar mark in trade today.

The Sensex had rallied 677.51 points in the previous two sessions on sustained buying by domestic institutional investors. At 10: 37 am, the Sensex was trading 442 points lower at 37,647. The Nifty was down 125 points to 11,390.

On Saturday, the government announced steps to check non-essential imports and promote exports in order to arrest the decline in rupee, check the widening current account deficit and relaxing norms for raising overseas borrowing.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. Sensex rose around 373 points on Friday to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a jump of 145.30 points.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.The...

At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel.

Sentiment was bolstered on Wednesday after the government said all steps will be taken to ensure the domestic currency does not depreciate to \"unreasonable levels\", amid reports that Prime Minister Narendra Modi will take stock of the economic situation over the weekend.

Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. The Sensex surged in late afternoon trade to finish higher by 305 points at 37,717.96. The broader NSE Nifty too jumped 82 points to end at 11,369.

Reversing a two-day meltdown, equity indices staged a smart pullback Wednesday as investors scooped up recently-hammered FMCG, metal and capital goods stocks amid a recovery in the rupee.Sentiment was bolstered after the government said all steps will be taken to ensure the domestic currency does not depreciate to \"unreasonable levels\", amid reports that PM Narendra Modi will take stock of the economic situation over the weekend.The Sensex surged in late afternoon trade to finish higher by ...

While the Sensex rose 325 points to hit an intra day high of 37,738, the Nifty recovered 93 points to touch 11,380 level. Top gainers on the Sensex were Adani Ports (2.82%) , Sun Pharma (2.77%) and ITC  (2.59%).