The market proved tenacious in afternoon trades on buying interest in Old Economy and FMCG stocks. In addition, renewed buying was observed in banking stocks.
ICICI Bank topped the Sensex gainers' chart, spurting 5.09 per cent, followed by L&T, Bharti Airtel, Vedanta and Tata Motors, rising up to 4.60 per cent.
The sector will see a minimum of 3-5 per cent of the weight being shed in almost every IT company - particularly the big 20 - because of Covid and not performance-related issues.
The Sensex opened with a positive gap of 23 points at 4,281.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
In the Sensex pack, Yes Bank, IndusInd Bank, Infosys, ICICI Bank, TCS, SBI, Reliance Industries, ONGC, Axis Bank and NTPC rose up to 2.66 per cent.
Sensex lost ground towards the fag-end on selling in old and new economy stocks, and finally finished with a loss of three points.
By the end of the June quarter, the top four - TCS, Infosys, Wipro and HCL Tech employed 10,15,000 employees - down by 9,144 employees over the previous quarter.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
'Kindly advise about the following stocks. Can I hold or exit?'
The Sensex, which witnessed volatility throughout the trading session, slipped deeper into the red towards the closing hours on steep decline in PSUs, heavyweights, cement and pharma stocks, and finally ended 39 points lower at 4,235.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
The Sensex opened positive with a gain of 18 points at 3,596, but slipped immediately on profit-booking in old and new economy stocks, and touched a low of 3,573.
A late bout of buying in techs and selective gains in cement, pharma, heavyweights and media major Zee saw the Sensex finally finish with a gain of 17 points at 3,630.
Gains were led by index heavyweights Reliance Industries and Infosys.
ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
The Sensex opened on a flat note at 4,452. It is now up six points at 4,459.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
Tech stocks were spurred on today by the firm U.S. markets and bargain hunting.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
This was the fifth consecutive quarter when the Indian markets have seen positive flows from FIIs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Defying an overall sluggish market sentiment, IT stocks on Wednesday rose by up to 4 per cent amid the rupee sinking to a life low of 68.75 against the dollar.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
The pace of job generation has slowed as IT firms look at automation to do testing
This business could also be aided by new outsourcing opportunities in IMS from Germany, France and northern Europe
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