Markets ended in green on rate cut hope.
Bank shares were the top gainers led by ICICI Bank.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Mid- and small-cap indices have outperformed the frontline benchmarks - the S&P BSE Sensex (up around 10 per cent) and the Nifty50 (13 per cent) - in the first half of calendar year 2021 (H1-CY21) by rallying 26 per cent and 39 per cent, respectively. The trend, analysts believe, is likely to continue in H2-CY21 as well. The outperformance in H1-CY21 comes on the back of improved earnings and strong inflows from the foreign portfolio investors (FPIs) in Indian equities. However, good monsoon so far, gradual opening up of the economy and the pick-up in the pace of vaccination provides support to the market.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
There is polarisation among sectors with IT and healthcare receiving the lion's share of FPI money in the past two quarters.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
The S&P BSE Sensex ended 190 points up at 23,382.
ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC, PowerGrid, M&M, Nestle India, SBI and HCL Tech. On the other hand, HUL, Bajaj Auto, Bharti Airtel, Bajaj Finserv were among the gainers.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
ITC was the top laggard in the Sensex pack, tanking over 6 per cent, followed by HUL, Titan, Tata Steel, UltraTech Cement and PowerGrid. On the other hand, Tech Mahindra, L&T, Infosys, Bajaj Finserv, Kotak Bank and HDFC Bank were among the gainers.
Markets ended weak tracking the expiry of April derivative contracts.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank. NSE Nifty fell 120.30 points to 15,632.10.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Broader markers outperformed their larger peers.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Metals bucked the trend and shone across the board.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. NSE Nifty soared 245.35 points to 14,923.15.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
PowerGrid was the top loser in the Sensex pack, shedding over 1 per cent, followed by Bajaj Finserv, ICICI Bank, HDFC, NTPC, HUL and L&T. On the other hand, Infosys, Reliance Industries, Nestle India and Martui were among the gainers.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
The positive bias was aided by metal, realty and auto indices
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
The Sensex has slid 18.5 per cent from its January 2015 peak.
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Pharma shares extended losses after the government's ban on combination drugs.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Bank shares were the top losers after sharp gains last week.
Reliance Industries was the top gainer in the Sensex pack, surging over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC twins and Kotak Bank. NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.
Bharti Airtel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, Titan, TCS and Tech Mahindra. NSE Nifty soared 201.15 points to an all-time closing peak of 17,132.20.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
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