FPIs sold shares worth a net Rs 1236.95 crore on Friday.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
Analysts attribute this outperformance to the government's proactive economic reform measures
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
The focus is on corporate results at one level but global news will also have an impact
Gains were led by index heavyweights Reliance Industries and Infosys.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Technical rallies and short covering may arise only if the markets break this 500 point band
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The antiviral drug may cost around Rs 55,000 for an 11-dose course, or Rs 5,000 per injection -- much less than the price of imports from Bangladesh, reports Sohini Das.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
However, IT stocks fell on weak growth forecast by Gartner
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Positive cues from Asian peers also uplifted the sentiment.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The broader markets also ended lower in line with the benchmark indices
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