Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
Financials are the top gainers along with index heavyweights.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
Investors will remain cautious ahead of F&O expiry.
TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
India's GDP for the three-month period ended September 30 grew 7.4%.
Interest rate sensitive stocks gain ground post decision
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
Operator syndicate could be behind stock hammering, suspects regulator.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Recovery in bluechips and gains in European markets helped the rally.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
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.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
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.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Sensex shed 167 points to close at 28,633 and Nifty dropped 55 points to end at 8,695.
The 30-share Sensex was up 191 points at 28,707.75 and the 50-share Nifty was up 54 points at 8,714.
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 ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
The markets had touched their highest levels in a month.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
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.
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.
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.
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
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
