Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
Caution prevailed across the bourses ahead of the Union Budget.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
At first glance, the numbers show a mixed trend.
ICICI Bank and HDFC Bank help the upmove.
Participants are keenly waiting for the January IIP.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Benchmark share indices ended lower on Friday dragged by rate-sensitive shares as hopes of a rate cut remained elusive after better-than-expected Apr-Jun GDP data. Selling pressure in index heavyweight Reliance Industries also dampened sentiment.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
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.
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.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The BSE Smallcap and Midcap indices, however, finished with gains of over 1% each at 9472 and 12,195, respectively.
The NSE Nifty ended at 5,961, down 13 points. The BSE Midcap and Smallcap indices gained over 1% each at 9117 and 11,531, respectively. The market breadth was extremely bullish - out of 2,903 scrips traded, 2,060 logged gains.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
The Sensex witnessed a great bull run on Monday.
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.
The markets opened in deep green in line with its Asian peers on the back of selling pressure witnessed across the board
Bajaj Auto was the top gainer in the Sensex pack, surging around 7 per cent, followed by Bajaj Finance, Bajaj Finserv, Kotak Bank, PowerGrid and Axis Bank. On the other hand, ONGC, HDFC, TCS and Reliance Industries were among the laggards.
The markets have opened on a lacklustre note in the absence of major cues from the US markets that were closed on account of Independence Day holiday. The Sensex is down 15 points at 17,448. Nifty is flat at 5299.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by IndusInd Bank, L&T, UltraTech Cement, Titan, SBI and NTPC. NSE Nifty settled 32.10 points up at 14,707.80.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
M&M was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank. On the other hand, HUL, Kotak Bank, Bajaj Finance and ITC were among the laggards.
