The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
At close, the Sensex was up 0.7% or 124 points at 18,789 and the Nifty gained 0.8% or 46 points to end at 5,565.
Short covering in index heavyweights like HDFC, HDFC Bank and TCS aided the upmove.
The markets have opened on a positive note but soon weakness began to set in
The markets continue to trade at the higher level on the back of buying in scrips across sectors
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The markets have opened on positive note despite of worries in Middle East countries and mixed trade in Asian markets
Markets surged in late trades to end near their three-month highs, amid strong global cues, led by gains in ITC and short covering in bank shares.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
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Heavyweights like Reliance, L&T, Tata Motors, ICICI Bank, HDFC Bank, Bharti Airtel, TCS, ONGC and SBI among the draggers.
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The NSE Nifty gained 50 points to close at 3553.
Firm global cues, along with gains in FMCG majors ITC and Hindustan Unilever aid the upmove.
ICICI Bank and HDFC Bank help the upmove.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
At first glance, the numbers show a mixed trend.
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The Sensex closed at 13,340, down 42 points. The Nifty lost 16 points to close at 3,816.
Investors must adhere to their risk appetite at all times and should do well for themselves over the long-term.
Benchmark share indices ended lower on Friday dragged by rate-sensitive shares as hopes of a rate cut remained elusive after better-than-expected Apr-Jun GDP data. Selling pressure in index heavyweight Reliance Industries also dampened sentiment.
The markets opened in the positive terrain with strong global cues
The Nifty gained 118 points to close at 3,199.
The bloodbath at the markets ended with the Sensex losing 457 points to close at 10,482.
Key benchmark indices closed for the day marginally higher amidst volatile trades with the Sensex closing up 37 points at 17,463 and the Nifty added 15 points to end the day at 5,302. The ones leading the gains were banks and metal scrips.
Benchmark shares indices end flat on Tuesday, amid a volatile trading session, as gains in financials and telecom shares were erased by losses in FMCG and IT stocks. The 30-share Sensex ended up 27 points at 17,426 and the Nifty added nine points at 5,288.
The market breadth in BSE remains healthy with 1,476 shares advancing and 828 shares declining.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
The market breadth, indicating the overall health of the market, turned negative from positive
