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.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
At close, the Sensex was up 407 points or 2.3% at 18,313 and the Nifty advanced 106 points or 2%, to close above the psychological levels of 5,400 at 5,408.
Metal stocks outperform posting its biggest single day rally in past two years on hopes revival of Chinese economy.
At close, the Sensex was up 0.7% or 124 points at 18,789 and the Nifty gained 0.8% or 46 points to end at 5,565.
Short covering in index heavyweights like HDFC, HDFC Bank and TCS aided the upmove.
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.
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Benchmark indices weighed down by software and financial shares coupled with weak global cues.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Heavyweights like Reliance, L&T, Tata Motors, ICICI Bank, HDFC Bank, Bharti Airtel, TCS, ONGC and SBI among the draggers.
The number of issues were the lowest since FY15, compared to 45 in FY18.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
Firm global cues, along with gains in FMCG majors ITC and Hindustan Unilever aid the upmove.
Operator syndicate could be behind stock hammering, suspects regulator.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Nearly 400 stocks hit their 52-week low on BSE on Thursday.
Indian equity, forex, money and commodity markets will remain closed today on account of Mahashivratri.
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
ICICI Bank and HDFC Bank help the upmove.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
The market breadth in BSE remains healthy with 1,476 shares advancing and 828 shares declining.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
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