Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
HDFC and Infosys contribute the most to today's rally.
The Sensex finished above the psychologically key 60,000-mark while the Nifty surged past the 18,000-level on Monday on across-the-board buying amid a mixed trend overseas. A depreciating rupee and concerns over the US Federal Reserve hiking rates later this week failed to quell investors' appetite for stocks, traders said. The 30-share BSE Sensex rallied 786.74 points or 1.31 per cent to settle at 60,746.59.
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.
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
The Sensex finally finished on a flat note at 10,752, up 8 points.
Among the Sensex constituents, 18 stocks closed in negative with UltraTech Cement, L&T, Bharti Airtel, Bajaj Finance and Tech Mahindra being major laggards. Other heavyweights like Asian Paints, Maruti, Titan and JSW Steel also saw heavy selling. In contrast, Kotak Mahindra Bank, Bajaj Finserve, HDFC Bank, ITC and SBI bucked the trend and ended the session with a gain of up to 2.09 per cent.
The markets opened flat and slipped in the negative terrain taking cues from weak Asian peers.
The markets opened on negative note as traders booking profits at higher levels
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
the Nifty added 23 points to end the day at 5,565.
The Nifty ended comfortably above the crucial 5500 mark at 5546, up 64 points.
The markets opened today on weak note in line with its Asian peers
Markets surged in late trades to end near their three-month highs, amid strong global cues, led by gains in ITC and short covering in bank shares.
The markets continue to consolidate at the higher levels and ended the day on a flat note with selective buying seen in index pivotals.
The markets have opened strong in morning session as FMCG, telecom, oil, banking, power, metal and some technology stocks
The Nifty is at 5942, up 59 points. The market breadth is positive. Out of 2989 stocks traded on the BSE, there are 1782 advancing stocks as against 1125 declines.
The Sensex closed at 12,009.59 up 37 points. The Nifty gained 7 points to close at 3,479.
The Sensex closed at 11,853.85 down 79 points. The Nifty lost 23 points to close at 3,455.
The markets opened in green tracking its Asian peers
These stocks offer the best combination of maximum 'buy' recommendations from brokerages and share price upside over the next 12 months.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Tata Steel was the top loser in the Sensex pack, shedding over 2 per cent, followed by Sun Pharma, ICICI Bank, SBI, Kotak Bank and Dr Reddy's. NSE Nifty dropped 151.75 points to 15,727.90.
The Nifty shut shop just shy of the elusive 5500 mark at 5486, up 46 points.
Equity investors became richer by Rs 2.4 lakh crore as key benchmark indices Sensex and Nifty scaled new peaks in morning trade on Tuesday, amid persistent foreign fund inflows. Analysts said foreign institutional investors have reversed their selling strategy and have been consistent buyers during the last seven days. This momentum is a reflection of institutional confidence in the Indian market, they said.
From the Sensex basket, Mahindra & Mahindra, Tata Motors, NTPC, HCL Technologies, Larsen & Toubro, Infosys, Tech Mahindra and State Bank of India were the major laggards. Bharti Airtel, Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and IndusInd Bank were among the gainers.
The Sensex closed at 13,340, down 42 points. The Nifty lost 16 points to close at 3,816.
Retail investors now own a bigger slice of small-cap companies than a couple of years earlier, attributable to their growing conviction in mutual fund (MF) schemes focused on this space. Data from Capitaline shows MFs' average holding in the National Stock Exchange Nifty Smallcap 250 rising to 8.67 per cent, from 7.67 per cent in the past two financial years, with the number of companies with over 20 per cent MF holdings, rising from 15 to 24. At the end of May, the top five small-cap firms with the highest MF holdings were Carborundum Universal, Blue Star, Cyient, Gujarat State Petronet, and Cholamandalam Finance.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Maruti Suzuki fell 0.7% even after its March quarter profit grew by 15.8% to Rs 1,709 crore in Q4
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
The 30-share BSE Sensex opened 13 points higher at 13,398.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances