Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Firm global cues, along with gains in FMCG majors ITC and Hindustan Unilever aid the upmove.
ICICI Bank and HDFC Bank help the upmove.
The NSE Nifty gained 50 points to close at 3553.
At first glance, the numbers show a mixed trend.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
The Sensex closed at 13,340, down 42 points. The Nifty lost 16 points to close at 3,816.
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
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.
Investors must adhere to their risk appetite at all times and should do well for themselves over the long-term.
The market breadth, indicating the overall health of the market, turned negative from positive
There is little sense in trying to find stocks that will not be vulnerable in a situation where 87% of the market is trending down and India is getting set for a crucial election, says Devangshu Datta.
The market breadth in BSE remains healthy with 1,476 shares advancing and 828 shares declining.
The markets opened in the positive terrain with strong global cues
Key benchmark indices closed for the day marginally higher amidst volatile trades with the Sensex closing up 37 points at 17,463 and the Nifty added 15 points to end the day at 5,302. The ones leading the gains were banks and metal scrips.
Benchmark shares indices end flat on Tuesday, amid a volatile trading session, as gains in financials and telecom shares were erased by losses in FMCG and IT stocks. The 30-share Sensex ended up 27 points at 17,426 and the Nifty added nine points at 5,288.
The Nifty gained 118 points to close at 3,199.
The bloodbath at the markets ended with the Sensex losing 457 points to close at 10,482.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
On the Sensex chart, Sun Pharma was the top loser, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
Nifty ends above 8,600; Tata Motors, RIL top leaders
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Reliance and bank shares lead the decline.
Global investment firm Citigroup is bullish on Indian equity markets.
The markets opened smart but gave up some gains immediately witnessing volatility
The markets opened weak mirroring the global trend. At 9:57 am, the Sensex was trading at 11926 down 44 points and the Nifty was tarding at 3444 down 13 points.
The markets plunged on account of heavy selling in scrips across sectors.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
Out of 2948 stocks traded on the BSE, there were 1008 advancing stocks as against 1836 declines.
The Sensex closed at 10,684.30 up 174.77 points and the Nifty closed at 3142 up 66 points.
The BSE Sensex opened down 20 points at 10,641.33
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