BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Indian equity markets registered their highest single-day percentage gains since early October.
The measures government takes next to push economic growth will be the key for automotive sector
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
The broader markets, however, outperformed their larger peers.
FIIs pump in Rs 2,075 crore in past three trading sessions.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Check out some of the stocks that will react on the basis of their numbers in the near term.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
Pharma major Lupin and mortgage lender HDFC were the top losers.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The domestic car sales volume of the company is also growing at 15%
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Sensex, Nifty end lower on global concerns.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
The BSE Mid-Cap index was currently down 1.25%
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Index heavyweights ITC was the top gainer along with RIL and HDFC
The growth, however, may not indicate a major revival of economic activity.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
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.
Sensex firm on favourable GDP numbers for FY16.
