Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
PowerGrid was the top gainer in the Sensex pack, rallying over 6 per cent, followed by Tech Mahindra, HCL Tech, Titan, L&T, NTPC and ICICI Bank.
From the Sensex pack, IndusInd Bank, NTPC, Asian Paints, Hindustan Unilever, JSW Steel, Tech Mahindra, Bajaj Finance, Infosys, Wipro, ICICI Bank, Bajaj Finserv, HDFC Bank and Tata Motors were among the major laggards. HCL Technologies, Power Grid, Titan, Reliance Industries, UltraTech Cement, Tata Steel, State Bank of India and Mahindra & Mahindra were the gainers.
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
From Sensex firms, Tech Mahindra, Mahindra & Mahindra, Tata Motors, UltraTech Cement, Tata Consultancy Services, HCL Technologies, ICICI Bank and Tata Steel were the biggest gainers. Sun Pharma emerged as the only laggard.
The markets have opened on negative note, as global cues were down.
Zomato emerged as the biggest gainer, followed by Reliance, Nestle, Asian Paints and Power Grid.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The markets have opened in the positive terrain in line with global peers on account of buying interest seen in construction, pharma, banking and capital goods
Nifty lost further ground below the 5400 mark at 5311, down 84 points.
Maruti Suzuki fell 0.7% even after its March quarter profit grew by 15.8% to Rs 1,709 crore in Q4
At 9:58 am, the Nifty was trading at 3573 up 4 points and the Sensex was trading at 12393 up 26 points.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
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.
Out of 2,939 stocks traded on the BSE, there were 1,438 advancing stocks as against 1,378 declines.
IndusInd Bank was the biggest loser in the Sensex pack, shedding 7.46 per cent, followed by SBI, Tata Motors, M&M, Bajaj Finserv, Axis Bank and Infosys. In contrast, Tech Mahindra was the only winner.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
The Sensex, which had soared by around 600 points in the aftermath of the FM's speech, surrendered more than 400 points from intra-day highs and slipped below the 18k mark to end up a mere 122 points at 17823 and the Nifty ended up 30 points at 5333.
The markets opened smart but gave up some gains immediately witnessing volatility
The markets opened weak mirroring the global trend. At 9:57 am, the Sensex was trading at 11926 down 44 points and the Nifty was tarding at 3444 down 13 points.
The IT index had a cracker of a time to spurt around 2% and emerge as the leading gainer on the BSE.
The markets opened strong on account of buying seen in select index pivotals
At 11.58 am IST, the Sensex is up 59.24 points or 0.47% at 12682.52, and the Nifty up 8.10 points or 0.22% at 3665.4.
The NSE Nifty ended at 6075, up 13 points, thanks to strength in the oil, IT and realty stocks.
The gap between the highs and the lows in April for the benchmark S&P BSE Sensex was just 4.1 per cent - the narrowest since July 2021 and nearly half its three-year average. The absence of major positive triggers, sectoral rotation, and cautiousness due to earnings and economic uncertainty have kept a tight leash on the markets, observe experts. Remarkably enough, during the 17 trading sessions in April, the Sensex didn't even log an advance or a decline of more than 1 per cent.
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
The markets opened on a strong note due to continued optimism on the back of expected robust third quarter corporate performances
The markets opened in the green on the back of buying interest seen in technology, banks, auto stocks.
Yet another weak start for the market, which opened in red, continuing the ongoing carnage in the Dalal Street but became volatile
The markets have opened strong today and Sensex crossed 14000 level
The markets opened in the positive terrain after seeing a flat close yesterday
The Sensex closed at 11,893.79 up 233 points. The Nifty gained 66 points to close at 3,455.
The markets opened flat but immediately moved up tracking Asian peers.
The Nifty was up 10 points at 3436.
The markets have opened in the green mirroring the trend in the Asian markets
