Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Sesnsex ended the day flat on heavy selling pressure.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Tata Steel was the top gainer in the Sensex pack, rallying nearly 4 per cent, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries. NSE Nifty advanced 33.95 points to a fresh high of 16,563.05.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities, as the benchmark Sensex settled above 63,000-level for the first time ever. The 30-share BSE barometer climbed 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, the benchmark jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak. Extending its winning momentum to seventh day, the Sensex has rallied 1,954.81 points or 3.19 per cent during this time.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Market benchmark Sensex tumbled over 323 points after an intense last-hour sell-off on Wednesday, triggered by losses mainly in index heavyweights Infosys, Reliance and HDFC.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Banks, real estate and metal scrips among the top losers.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
The broader NSE Nifty plunged 119.15 points, or 1.01 per cent, to 11,709.10.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Earning woes drag markets lower; TCS, HUL lead fall.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Markets crashed due to domestic worries; bluechip stocks tanked too.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
Index heavyweights were the top losers along with bank shares.
The BSE Sensex maintained its winning run for the fourth session on the trot on Wednesday to reclaim the 60,000-level after a gap of over four months as investors remained upbeat amid softening crude oil prices and persistent foreign fund inflows. A strengthening rupee and positive Asian markets further bolstered sentiment, traders said. The 30-share BSE benchmark jumped 417.92 points or 0.70 per cent to settle at 60,260.13 -- closing above the psychologically key 60,000-mark for the first time since April 5 this year.
Infosys, Wipro and HUL among the top losers for the day.
JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
Dr Reddy's was the top loser in the Sensex pack, shedding around 5 per cent, followed by M&M, Tech Mahindra, Axis Bank, IndusInd Bank and TCS. NSE Nifty sank 306.05 points to finish at 14,675.70.
The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's. NSE Nifty slipped 20.10 points to 15,670.25.