Indian Equity benchmark indices closed with weekly losses of more or less 7-percent for the week ended Friday, 3-April 2020, clocking a 7-consecutive weekly loss for markets.
The Sensex precisely recorded 7.4-pc weekly loses and the Nifty recorded 6.7-c for the week. IndusInd Bank slipped 28.15-pc, Bajaj Finance dropped 20.98-pc, Maruti Suzuki lost 17.76-pc, Kotak Mahindra Bank dropped 16.9-pc, and Eicher Motors slipped 14.08-pc each for the week and was among top weekly losers on the Nifty.
Though pharma heavy heavyweight Cipla closed higher by 16.33-pc for the week, the other weekly gainers were ITC-up by 13.75-pc, Bharat Petroleum Corp (BPCL) up by 12.35-pc, Coal India and Sun Pharma gained by 11.76-pc and 11.13-pc respectively.
On Friday, Sensex declined by 674 points to end at 27,674-mark and Nifty ended at 8,083, down 170-points. The broader indices-NSE Nifty Mid-cap-100 and Small-cap-100 ended down by 1.34-pc and 1.55-pc each for the day, on Friday. Track the best weekly stock tips, week ahead market views from here.
In major step to control the volatility, the Reserve bank of India released a press note, where it amends trading hours for currency and debt markets.
Also, the trading hours of market repo in Govt securities, Commercial Papers (CP), as well as foreign currency and rupee trading has been amended from 10-am to 2-pm, which will be come into force from April 7 and continue till April 17.