The markets have opened in the positive terrain on the first day of december, traders have shown their faith in construction, IT, steel, capital goods. The selling pressure was witnessed in oil, auto, telecom stocks.
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
The Sensex closed at 13,340, down 42 points. The Nifty lost 16 points to close at 3,816.
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
The NSE Nifty ended at 4,446, up 59 points.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The markets opened in deep green in line with its Asian peers on the back of selling pressure witnessed across the board
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
The markets have opened strong today and Sensex crossed 14000 level
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Markets continue to trade on a strong note in the late morning deals on the back of positive global cues and buying visible in the banking and capital goods stocks ahead of the Reserve Bank of India's (RBI) policy review which is due on Tuesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex closed over 118 points down on Thursday.
Infosys was the top gainer in the Sensex pack, rallying around 7 per cent, followed by TCS, IndusInd Bank, ONGC, HDFC Bank and HCL Tech. On the other hand, ITC, Bajaj Finance, Kotak Bank and Sun Pharma finished in the red.
The broader 50-issue NSE Nifty edged up just 0.10 points to close at 10,806.60
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
An appreciating rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Coal India was the biggest gainer on both Sensex and Nifty
Power, oil and gas, PSU, metal, banking, auto, capital goods, infrastructure and healthcare sector stocks witnessed heavy buying through the session.
Sensex, Nifty end lower on global concerns.
The stock markets, which had opened in the green on rate cut hopes, tumbled after the monetary policy announcement.
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.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
Despite unprecedented levels of uncertainty in Samvat 2077, investors have little to complain about on the returns front. The BSE Sensex delivered returns of 38 per cent in this period, while the Nifty registered a return of over 40 per cent. As is the case in bull markets, companies in the small- and mid-capitalisation basket outperformed the benchmarks, with returns almost twice those of frontliners.
On the Sensex chart, M&M, Bharti Airtel, RIL, IndusInd Bank, ICICI Bank and Tata Steel were among major gainers -- rising as much as 4.68 per cent. Nifty rose 156.60 points to end at 18,212.35.
The NSE Nifty settled at 5,257, down 17 points. The market breadth was negative, out of 2,982 shares traded, 1,796 declined and 1,051 advanced on the BSE.
"The 21,000 level is meaningless. In the past five years, earnings have grown 40 per cent. One should look at the P/E. We are very positive on the market despite elections being around the corner," says Milind Barve MD, HDFC AMC.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Better-than-expected quarterly earnings by select index heavyweights, easing of US-EU trade tensions and firm foreign capital inflows boosted investor sentiment, brokers said.
At the BSE, 1,964 stocks declined and 871 advanced while 99 remained unchanged.
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