Author: Partha Halder
After seven straight days in the red, Dalal Street finally found its footing on Thursday. The Sensex and Nifty both closed higher, powered by a bounce in financials and IT as global bond markets calmed down.
Dalal Street had no respite on Wednesday. For the seventh session in a row, Indian equities slipped, clocking their longest losing run in 11 months as investors ran for cover amid dearer oil and rising US bond yields.
It was a jittery Monday on Dalal Street. After a hesitant start, Indian benchmarks slipped into negative territory and stayed there, dragged down by IT, metals and broad-based profit booking.
Dalal Street ended the day on a jittery note, with both headline indices giving up intraday gains to close in negative territory for the second day in a row.
Indian equities wrapped up the week on a subdued note, with the Nifty 50 and BSE Sensex both slipping into the red on Friday as rising crude and renewed Middle East tensions kept investors risk-averse.
Indian equities closed lower on Wednesday, giving up early gains as profit booking in heavyweight financials and caution ahead of inflation data kept sentiment muted.
Dalal Street finished Monday with a yawn and a sigh of relief.
Indian benchmarks ended higher on Thursday, breaking a six-day losing streak, but the gap between the Sensex and Nifty told the real story of the day — expiry volatility turbocharged by SEBI’s new closing auction.
Dalal Street went into defensive mode on Tuesday. A day after a record closing-auction surge, the Nifty 50 and Sensex both ended in the red as traders trimmed risk ahead of weekly derivatives expiry and digested the impact of SEBI’s new settlement mechanism.
Indian markets finished in the green on Friday, capping July with a second straight month of gains. The rally was less about domestic euphoria and more about global reallocation — money leaving crowded AI trades and landing in India.