Stock markets, which are facing the heat of political uncertainty over the 2G spectrum scam, have come under pressure as investors are pulling out their money to invest in the primary market.
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
Can the poll outcome be a trigger for a meaningful correction?
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
The 30-share index surged 499.79 points or 1.84 per cent to settle at 27,626.69.
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Broader market underperformed the headline indices
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
The BSE Mid-Cap index was currently up 0.81%.
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Volatility is part and parcel of stock market.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
Bank shares were the top losers along with index heavyweight RIL
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
After a strong run in the midcap and smallcap indices, which surged 46 per cent and 43 per cent, respectively, on the National Stock Exchange (NSE) during Samvat 2080, analysts suggest that the rally in these segments may pause to catch its breath in Samvat 2081.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
The winter session of Parliament will commence on November 26.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The Sensex has slid 18.5 per cent from its January 2015 peak.
Out of 30 Sensex shares, 19 ended lower while 11 gained
Financials and auto stocks were the top losers while energy and IT shares recovered
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Rise in investor sentiment, return of risk appetite aid shares across the board
Sensex,Nifty to remain under pressure through the week.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
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