Sensex,Nifty to remain under pressure through the week.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
The Nifty lost 45 points to settle for the day at 5,348, up 19 points from the day's low of 5,329.
Nifty PSU bank index dropped nearly 2%
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Infosys, TCS and Wipro gained 1-3% contributing the most to the Sensex gains.
TCS was the top gainer in the Sensex pack, rising over 3 per cent, followed by L&T, Bharti AIrtel, HCL Tech, Tata Steel, Bajaj Auto and Reliance Industries. NSE Nifty rallied 164.70 points to its fresh closing peak of 16,529.10.
The NSE Nifty was down 66 points at 6,080. In the broader markets, the midcaps and the smallcaps indexes were also down 1% each.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
PSU banks and OMCs among the top gainers.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red. Bajaj Finance was the biggest loser among Sensex stocks, dropping by 7.24 per cent.
The NSE Nifty closed 78 points higher at 5,368.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Coal India moved higher by over 3% to Rs 263, despite of weak April-June (Q1FY14) results, on expectation of earnings improvement by going forward.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
The Sensex closed flat at 11,149.17 up 4 points. The Nifty gained 6 points to close at 3260.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
All Sensex components ended in green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ONGC and ICICI Bank, Bajaj Finance and SBI gaining up to 6.64 per cent.
Powered by a rally in index heavyweight Reliance Industries, equity benchmark Sensex broke its four-session losing run to close above the 55,000-mark on Thursday despite a weak trend overseas. Investors made a cautious return to IT, pharma and bank stocks after their recent sell-off. However, a depreciating rupee and persistent foreign fund outflows capped the gains, traders said. Overcoming a lacklustre start, the 30-share BSE Sensex surged 427.79 points or 0.78 per cent to close at 55,320.28.
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