The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Indices reversed all its losses during late trades.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Participants are keenly waiting for the January IIP.
Metals bucked the trend and shone across the board.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The Survey shows fiscal consolidation despite slowdown in growth.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
The local markets are expected to react to global triggers until the government announces the Union Budget.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances