Sensex rises, Nifty ends at record high; RIL shares rally.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Discounts could be luring but onus of due diligence is always on buyer
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The NSE Nifty ended up 19.65 points, or 0.20 per cent, at 9,788.60 after shuttling between 9,854 and 9,775.35 during the day.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
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Market breadth is positive with 942 advances and 196 declines.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
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A fall presents an opportunity to buy rate-sensitive stocks.
The NSE Nifty also moved up by 12 points to 8,648.35.
Nifty snaps 10-day winning streak
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
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.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
Under political fire and ecologists' ire, the group hires Suhel Seth, who will work closely with the promoters and the social media, corporate communications and external public relations team.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The real estate sector is set to enter a progressive phase in 2015.
Stocks of companies having operations and exports to Europe were the top losers.
Asian shares ended higher following a relief rally in global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election.
Infosys, Wipro and HUL among the top losers for the day.
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