Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
The broader markets also ended lower in line with the benchmark indices
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
A'Market valuation is another concern.'
'India is trading at steep valuations and there have been a number of IPOs, especially in the insurance sector, that have had an impact on secondary market liquidity.'
Participants are keenly waiting for the January IIP.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
There are a few factors that can spoil the party
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Sensex in green in afternoon trade.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Direct investors should stagger their investments over 1-2 months.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
'The good news is that money continues to flow into India-focussed offshore funds.'
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Investors accumulated quality stocks at valuable and attractive levels.
The local markets are expected to react to global triggers until the government announces the Union Budget.
The index had risen over 585 points in the previous three sessions.
Slow pace of reforms in India is disappointing: Faber
Number of stocks trading above 50 times and 100 times earnings are at record highs. When this happened in 2015 and 2016, the Sensex fell 22.6 per cent in a little over a year's time after peaking in January 2015, while it fell by 11.3 per cent in two months from its peak in September 2016.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
A common factor that binds all these men is greed.
What China's market crash means for India
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances