Latest News
-
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr
Sensex Recoups Losses For May After 1800 Points Rally In Last 3 Days
April was a month of rebound for the Indian markets after a heavy coronavirus led sell off that Indian markets witnessed in March. Probably, April was the best month on record in 10 years in 2020 with a rally of 14% on the Sensex.
And now as the trading session for May month has ended with May 29, 2020 session, Sensex was down almost 4% for the month after seeing a rally of 1800 points in the last trading days through May 29, 2020. And Nifty on the other hand was down by 2.8%.
Notably at the end of last week, Sensex was down by almost 10% but stellar rally towards the end of the month helped recouped previous losses for the month.
What led the drop in the headline indices in May?
In May primarily, the sell-off in banking stocks triggered losses for the headline indices with Bank Nifty crashing more than 20% at one point.
As per a BS Research report, in May month, FII flow became positive for the first month since January due to share sale of Airtel and HUL which brought in foreign funds to the tune of Rs. 13257 crore.
GoodReturns.in
