Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
ICICI Bank, HDFC Bank, Infosys, SBI and L&T among fund managers' preferred bets.
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
Government unveiled the much-awaited FTP for 2015-20 on April 1, 2015.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
At present, six A320 Neo of IndiGo & GoAir are grounded waiting for engine replacement
The 50-share NSE Nifty, however, was little changed, ending 1.20 points down
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
The Reserve Bank may cut key interest rates as early as this week.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
Months before 8/11, MP, Haryana probed note ban
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
For the week, the Sensex recorded a fall of 371 points, or 1.10 per cent, and the NSE Nifty 130.75 points, or 1.25 per cent.
Risk sentiment received a boost after eight core sectors grew to a five-month high of 4.9 per cent in August
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Brokerage house Nomura today said the downward revision of FY'13 growth figure by the Central Statistics Office will have a positive base effect for GDP expansion in the current fiscal.
In the Sensex pack, ICICI Bank emerged as the top gainer by rising 0.97 per cent, while Tata Steel advanced 0.92 per cent.
Broader market underperformed the headline indices
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
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.
Steep volatility in the markets has made fund managers cautious, awaiting opportunities to deploy the cash.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
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.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
This is the highest closing for both the indices since May 15.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
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