Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times.
The energy-sensitive rupee gained against the dollar, tracking a sharp fall in oil prices, but ended the 2021-22 fiscal year with over a 3.5 per cent loss.
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank, and M&M amid negative cues from domestic and global markets.