Sensex eneded 374 points higher on rate cut expectation from the RBI.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
The Nifty had hit its third successive record high of 7,922.70 today.
Even though stocks may remain volatile in the run-up to the polls, as political parties stitch up alliances, the long-term trajectory for the markets remains bullish.
Many are now cheaper after stock splits. But look at key parameters
FIIs pump in Rs 2,075 crore in past three trading sessions.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
Sensex is under pressure due to concerns in the global market.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
With strong long-term fundamentals, banking sector cannot be completely ignored
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