The market remained in the bear grip
throughout the week and pushed the Nifty 50 below crucial support levels on
closing basis. The Nifty 50 plunged 3.7 percent while the S&P BSE Sensex
was down by 3.8 percent to post their biggest loss since October 2018 for the
week ended May 10.Trade
tensions between the US and China muted corporate earnings from India Inc,
election uncertainty and persistent selling by foreign institutional investors led to the fall in Indian markets. ICRA looking into IL&FS rating issue, hires
external experts for assistance Tata-Thyssenkrupp JV plan fails to
clear Europe's anti-trust hurdle.SBI: Market leader misses estimates but
delivers the goods on asset quality
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