Global cues lift Sensex 364 points; Nifty ends above 8,650.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The S&P BSE Sensex zoomed 500 points to end at 27,627, the highest level in almost 9 months.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Investors' wealth tumbled by over Rs 7.35 lakh crore on Friday, with the BSE benchmark Sensex plummeting 1,688 points amid a global selloff triggered by a new coronavirus variant. The 30-share index tumbled 1,687.94 points or 2.87 per cent to close at 57,107.15. During the day, it tanked 1,801.2 points or 3.06 per cent. Tracking the weak trend, the market capitalisation of BSE-listed companies slumped by Rs 7,35,781.63 crore to reach Rs 2,58,31,172.25 crore.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Titan was the top laggard in the Sensex pack, shedding 1.39 per cent, followed by HDFC, Axis Bank, Kotak Bank, HCL Tech and Tech Mahindra. On the other hand, Asian Paints, SBI, M&M, TCS, Bajaj Finserv and ICICI Bank were among the winners, spurting as much as 3.25 per cent.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Tata Steel was the top loser in the Sensex pack, shedding over 2 per cent, followed by Sun Pharma, ICICI Bank, SBI, Kotak Bank and Dr Reddy's. NSE Nifty dropped 151.75 points to 15,727.90.
Investors have become poorer by a massive Rs 19,50,288.05 crore as equity market sell-offs continued for the fifth day in a row on Monday. The BSE Sensex plunged 1,545.67 points or 2.62 per cent to settle at 57,491.51 on Monday, while, the NSE Nifty slumped 468.05 points or 2.66 per cent to settle at 17,149.10. This is the steepest single-day drop for the indices in about two months. Over the last five sessions, the 30-share Sensex has tumbled 3,817.4 points or 6.22 per cent.
The recovery was led by pharma majors led by Dr Reddy's Labs.
The first quarter earnings season will dictate the trend in the equity markets in this holiday-shortened week amid absence of major macroeconomic drivers, say analysts. Besides, lacklustre global markets may increase volatility in the market, they added. Equity markets would remain closed on Wednesday for Bakri-Id.
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
On the Sensex chart, IndusInd bank, M&M, Reliance Industries, Tata Steel and Bharti Airtel emerged as the top losers.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Sliding for the fourth straight day, the BSE Sensex shed 152 points in choppy trade on Wednesday amid mixed global cues ahead of the US Federal Reserve's policy decision.
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.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Index heavyweights were the top losers along with bank shares.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Gains were led by index heavyweights with Reliance Industries contributing the most.
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.
Markets in green tracking firm global cues.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
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