The markets ended lower on FII outflows and concerns over rising inflation.
The benchmark indices surged by as much as 9% during the past week till Thursday to post their highest returns in 21 months, buoyed by the upbeat sentiment on the global market front.
In the broader markets, the smallcap index gained 1% and the midcap index added 0.9% to outperform the BSE benchmark index. The Sensex closed gaining 0.2%
Among the Sensex firms, HCL Technologies fell the most by 2.4 per cent. IndusInd Bank (2.35 per cent), Infosys (2.28 per cent), Wipro (1.8 per cent), NTPC (1.71 per cent), Asian Paints (1.7 per cent), Tata Consultancy Services (1.36 per cent),Tech Mahindra (1.03 per cent) and SBI (1 per cent) were among the major laggards.
The market breadth was negative. Out of 2940 stocks traded on the BSE, there were 1392 advancing stocks as against 1449 declines.
The broader markets underperformed; the midcap index ended at 6662, down 133 points and the smallcap index ended at 8131, down 193 points.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The European indices, including the FTSE, CAC and DAX, had trading in a directionless manner in the middle of the day.
Reliance and bank shares lead the decline.
The Sensex closed at 10,684.30 up 174.77 points and the Nifty closed at 3142 up 66 points.
The BSE Sensex opened down 20 points at 10,641.33
The 30-share BSE Sensitive Index slipped into the negative region after opening firm.
Several factors, like fear of FII withdrawals, high inflation numbers, telecom scam, RBI warning, etc, saw the markets plummet on Thursday.
The Sensex swung in a range of nearly 200 points before ending virtually unchanged at 20104, lower by 12 points and the Nifty ended at 6029, down six points.
The Nifty ended at 5486, up 14 points. The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1847 advancing stocks as against 1080 declines.
On the BSE, 1,650 shares declined and 1,188 shares rose
The Nifty gained 72 points at 5,486. Market breadth was positive. 1671 stocks advanced as compared to 1272 declines.
Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels. Domestically, markets are grappling with several challenges, including a slowing economy, as indicated by the latest GDP data for the July-September (Q2) quarter of 2024-25 (FY25), sticky inflation, fluctuations in the rupee, waning consumption, and high interest rates.
The Nifty ended at 5420, down 40 points. The market breadth was weak. Out of 3059 stocks traded on the BSE, there were 1208 advancing stocks as against 1739 declines.
Nifty ended at 5447, down 21 points. Out of 3069 stocks traded on the BSE, there were 1581 advancing stocks as against 1381 declines.
The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1503 advanxing stocks as against 1422 declining stocks.
The NSE Nifty added 40 points to end at 5119. The market breadth was positive. Out of 2966 stocks traded on the BSE, there were 1533 advancing stocks as against 1304 declines.
The Nifty ended at 5078, up 78 points. The market breadth was strong. Out of 2914 stocks traded on the BSE, there were 1841 advancing stocks as against 888 declines.
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Sustained selling in technology and select stocks saw the index slip to a low of 20,662 -- down 324 points from the day's high. The Smallcap Index advanced 1.4% to 12,869, and the Midcap Index added 1% to 9537.
Satyam, Reliance Communications and Bharti Airtel declined 1.7% each to Rs 451, Rs 731 and Rs 966, respectively.
HDFC and Infosys contribute the most to today's rally.
The Sensex finally finished on a flat note at 10,752, up 8 points.
So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
The markets opened flat and slipped in the negative terrain taking cues from weak Asian peers.
