Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
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Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
The Nifty touched its nine- month high in the morning and finally ended at 4,529 up 81 points. The market breadth was positive - out of 2,870 shares, 2,290 advanced, 541 declined and 39 were unchanged on Monday.
The markets opened in the positive terrain with strong global cues
The bloodbath at the markets ended with the Sensex losing 457 points to close at 10,482.
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TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 63 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 14 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7 per cent and 8.7 per cent, respectively, during the period, ACE Equity data show.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Oil & gas, banking and pharma sector stocks stole the show
This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
M&M was the top loser in the Sensex pack, shedding over 2 per cent, followed by Dr Reddy's Bharti Airtel, Tech Mahindra, HUL, ICICI Bank and Infosys. NSE Nifty dropped 64.80 points to 14,341.35.
After opening with a positive gap of 105 points at 19,708, the Sensex pared gains in early trades, and exhibited lacklustre movement for the major part of the day today.
Fresh selling towards the end saw the index slip to a low of 19,584 - down 311 points from the day's high. The Sensex finally ended with a loss of 65 points at 19,633. The NSE Nifty ended flat at 5908. The market breadth was fairly positive - out of 2,855 stocks traded, 2,182 advanced, 645 declined and 28 were unchanged on Monday.
The NSE Nifty ended at 4,475, up 11 points.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
The markets plunged on account of heavy selling in scrips across sectors.
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
ICICI Bank was the top gainer in the Sensex pack, rising over 3 per cent, followed by ITC, SBI, HCL Tech, Axis Bank, Bajaj Finserv and Tech Mahindra. NSE Nifty advanced 32 points to 15,856.05.
The 30-share BSE Sensitive Index slipped into the negative region after opening firm.
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.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The Sensex opened with a positive gap of 99 points at 15,094. The index touched a high of 15,349, and a low of 15,056. Sensex ended up 294 points. HDFC, ICICI Bank, Wipro, Bharti Airtel, Hindustan Unilever, Reliance, ITC, L&T, ACC,Tata Motors, Ambuja Cements and TCS were major gainers. Tata Steel, Reliance Energy and Jaiprakash Associates were major losers. Reliance topped the value chart with a turnover of Rs 202 crore, followed by GSS America and Reliance Natural Resources.
With the market closed on Friday, the index declined 868 points (4.3%) during the holiday-shortened week. While the small cap index slipped 102 points to 11,813, the mid cap index declined 55 points to 9026.
The NSE Nifty, which again went past the 9,900-mark to touch a high of 9,903.95 intra-day, finally settled 103.15 points, or 1.05 per cent higher at 9,897.30.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
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
After a turnaround in performance by Indian equity markets since July that has seen the S&P BSE Sensex and the Nifty50 wipe out the year-to-date losses, analysts suggest investors start nibbling into stocks that are focused on the domestic economy. While they say intermittent corrections, led by policies of global central banks and other economic data, cannot be ruled out, analysts expect India's relative outperformance among global equity markets to continue as it looks better placed with a healthy economic recovery, and remains one of the fastest growing major economies. In this backdrop, Neeraj Chadawar, head of quantitative equity strategy at Axis Securities, believes that amid global slowdown, aggressive tightening by the central banks, and preference for domestic interests first (by the local government), export-oriented themes are likely to be muted or will deliver conservative returns in the near-term.
Among the Sensex firms, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti were the biggest laggards. Bajaj Finance, State Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were among the major gainers.
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
