BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Key benchmark indices closed for the day marginally higher amidst volatile trades with the Sensex closing up 37 points at 17,463 and the Nifty added 15 points to end the day at 5,302. The ones leading the gains were banks and metal scrips.
Benchmark shares indices end flat on Tuesday, amid a volatile trading session, as gains in financials and telecom shares were erased by losses in FMCG and IT stocks. The 30-share Sensex ended up 27 points at 17,426 and the Nifty added nine points at 5,288.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
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Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
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.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
The number of issues were the lowest since FY15, compared to 45 in FY18.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
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.
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.
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 broader market outperformed the benchmark indices as focus shifted to value buying in mid-cap and small-cap shares after the sharp gains on Friday. The Sensex was down 31 points at 17,399 and the Nifty closed flat at 5,278.
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.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
The market breadth was weak. Out of 2902 stocks traded on the BSE, there were 1116 advancing stocks as against 1660 declines.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
The market breadth was weak. Out of 2873 stocks traded on the BSE, there were 1311 advancing stocks as against 1446 declines.
Out of 2948 stocks traded on the BSE, there were 1008 advancing stocks as against 1836 declines.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
...helped by a Wall Street rally after the US Federal Reserve yesterday pledged to keep US interest rates low at least through mid-2013.
Investors sinking lump sum money in equities seem to have applied the brakes.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
The Nifty ended at 5833, down 34 points.
The Nifty dropped 10 points to close the day at 5,874.
The Nifty ended at 5650, up 23 points. The market breadth was positive. Out of 2964 stocks traded on the BSE, there were 1768 advancing stocks as against 1073 declines
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
Out of 3018 stocks traded on the BSE, there were 956 advancing stocks as against 1946 declines.
The NSE Nifty settled with a loss of 29 points at 5,526.
The Nifty lost 45 points to settle for the day at 5,348, up 19 points from the day's low of 5,329.
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.
The Nifty shed 18 points to end at 5,420.
