The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
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.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
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.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
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.
Caution prevailed across the bourses ahead of the Union Budget.
At first glance, the numbers show a mixed trend.
Participants are keenly waiting for the January IIP.
ICICI Bank and HDFC Bank help the upmove.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
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.
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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%.
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.
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.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
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.
'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.
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 Sensex witnessed a great bull run on Monday.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, 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
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.
