The Sensex finally closed with a huge loss of 271 points (1.3%) at 20,104. The Nifty lost 101 points to close at 6,058.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
The NSE Nifty ended at 5,695, up 78 points. All the sectoral indices, too, finished with sharp gains today. The BSE Bankex zoomed 352 points (3.5%) to 10,538. The BSE MidCap Index gained 168 points (2.1%) to 8114.
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Gains in financial shares capped further downslide.
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.
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Sensex falls at close; metals, banks perform well.
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.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
The Nifty added 24 points to close at 5,556.
The Nifty on the other hand lost 60 points to close the day at 5,138.
The Survey shows fiscal consolidation despite slowdown in growth.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
The Nifty shed 11 points at 6,146. In the broader markets, the midcaps shed 0.2% and the smallcaps ended flat at 9,841.
On BSE, 1,826 shares declined and 982 shares rose, while a total of 194 shares were unchanged
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Sensex opened with a positive gap of 41 points at 7,701, and moved up to a high of 7,732 in early morning deals.
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
Bajaj Finance was the top loser, tumbling 4.68 per cent, followed by Tech Mahindra, IndusInd Bank, ICICI Bank, SBI, Reliance Industries, Bharti Airtel and HCL Tech. NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
The 30-share Sensex ended higher by 30 points.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Bajaj Finance was the top gainer in the Sensex pack, soaring over 8 per cent, followed by Kotak Bank, IndusInd Bank, HDFC, PowerGrid, Axis Bank, ICICI Bank and L&T. On the other hand, Maruti, ITC, NTPC and Nestle India were among the laggards.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
On the Sensex chart, Sun Pharma was the top loser, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.
Monsoon is expected to be normal in June.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
