After volatile week expect aftershocks to continue
By
Arun Kejriwal ( IANS)
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Published on
Sun, Feb 28 2021 14:33 IST
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Sensex, Nifty hit new highs, oil & gas stocks rise (Credit: bsebti.com). Image Source: IANS News
Markets were under extreme volatility in the week gone by and we had two trading sessions where there were 1,000 point moves on the BSESENSEX and one session where it was double that at 2,000 points. This clearly shows the vulnerability of markets and the urgent need for them to stabilise.
With two sharp down days, one sharp up day and two days where they traded with a positive bias, markets had all the action that one could expect in five trading days. The final result saw BSESENSEX lose 1,789.97 points or 3.52 per cent to close at 49,099.99 points while NIFTY lost 452.60 points or 3.02 per cent to close at 14,529.15 points. The broader indices saw BSE100, BSE200 and BSE500 lose 2.77 per cent, 2.39 per cent and 2.05 per cent respectively. BSEMIDCAP lost a mere 0.28 per cent while BSESMALLCAP was up 1.47 per cent.