Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
The index rising for the fourth straight session surged 564 points.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Markets snapped their 8-day winning streak.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
Top corporates have paid more advance tax in second quarter this year.
Investors booked profits in recent gainers
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
On the sectoral map, consumer durables stayed in the lead by surging 2.39 per cent, followed by realty index, oil and gas and infra.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
The 50-share NSE Nifty was trading lower by 24 points.
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
Sensex remained volatile through the day.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
.jpg)
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
Pharma shares extended losses after the government's ban on combination drugs.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Sensex dull at close, Infosys rules, ITC drags.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
