Interest rate sensitive stocks gain ground post decision
India's GDP for the three-month period ended September 30 grew 7.4%.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Sensex swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
Gains were led by Tata Motors amid robust sales in June along with select financials.
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
Recovery in bluechips and gains in European markets helped the rally.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Equity flows have been under pressure since the second half of 2018, after the IL&FS crisis sent shockwaves in both equity and debt markets.
Sensex shed 167 points to close at 28,633 and Nifty dropped 55 points to end at 8,695.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
The 30-share Sensex was up 191 points at 28,707.75 and the 50-share Nifty was up 54 points at 8,714.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
The markets had touched their highest levels in a month.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Mixed global cues and decline in crude oil prices further dent the sentiments.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Market cap of government companies has remained unchanged in the past 8 years.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
Markets crashed due to domestic worries; bluechip stocks tanked too.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The Survey shows fiscal consolidation despite slowdown in growth.
L&T, ONGC and banking scrips power gains in today's trade
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Metals bucked the trend and shone across the board.
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