Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
ICICI Bank and HDFC Bank help the upmove.
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.
At first glance, the numbers show a mixed trend.
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
Participants are keenly waiting for the January IIP.
Caution prevailed across the bourses ahead of the Union Budget.
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 BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
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.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
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.
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.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
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.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
The latest circular from BSE that sought to cap the price movement of select scrips, especially the mid-, small-cap segments, traded on the exchange is not without a reason. A quick calendar year-to-date price check on the stocks from the categories put under 'Add-on Price Band Framework' by the BSE reveals a total of 210 stocks have seen their market price more than double. Among individual stocks, SC Agrotech, Adinath Textiles, Waaree Renewable Technologies, Steel Strips Infrastructure, Unistar Multimedia, Texel Industries, Raja Bahadur International and Hindustan Everest Tools from the BSE's X and XT group have rallied over 500 per cent during this period. Topping the charts is Gita Renewable Energy, which has zoomed 3,964 per cent to Rs 272.35 now from Rs 6.7 as on December 31, 2020.
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.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Sensex witnessed a great bull run on Monday.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
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.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
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.
The markets opened in deep green in line with its Asian peers on the back of selling pressure witnessed across the board
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each