Aptech, Lumax Industries, Vedanta, Indian Bank, Venky's India have appreciated over 200% in a year
Broader gains were capped as investors awaited corporate results from major firms
Investors' fears regarding bank stocks are becoming a reality, impacting investor sentiment towards the banking sector stocks.
Heavy offloading by foreign portfolio investors also weighed on the rupee
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The mergers will not involve any cash but only share swaps
All round buying lifted the index to an intra-day high of 5,712. The Sensex is now up 38 points at 5,710. The Nifty has rallied to 1,800 - up 13 points.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
The Left parties' demand for scrapping the divestment policy played havoc on the bourses, wiping out a market cap of over Rs 1,00,000 crore and the BSE Sensex tumbled by a huge 330 points to end at 25-week low at 5069.87.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Tech stocks proved a major focus of the market on Monday after HCL Tech announced the bagging of a major overseas BPO order.
The market proved tenacious in afternoon trades on buying interest in Old Economy and FMCG stocks. In addition, renewed buying was observed in banking stocks.
The Sensex opened marginally lower at 5,600. It soon recvered and rallied to touch an intra-day high of 5,621.
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.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
With bank scrips getting into the limelight, the Stock Exchange, Mumbai has decided to launch a new index, Bankex, consisting 12 stocks including SBI, ICICI Bank, HDFC Bank and Bank of Baroda from Monday.
Mid-cap and small-cap stocks on the BSE were on the buyers' radar on Tuesday as investors booked profits in large-cap shares and the benchmark Sensex fell 264.57 points from a record close.
PSU bank stocks are witnessing hectic activity these days and are now among the top traded stocks on the bourses.
Investors found Bank of Baroda very bankable today on talk that the bank plans to return Rs 50-90 crore equity back to the government.\n\n\n\n
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
The Sensex added 20 points to 6,017, and the Nifty finished at 1,890 - up 11 points.
The Sensex opened 18 points higher at 5,545. Continued buying in Tech and blue chip stocks saw the index zoom to a high of 5,570.
Bank stocks took a hammering today as the Centre said it was not in its policy to take back its equity from public sector banks at par value.
Centurion Bank advanced on Thursday on reports that the Bank of Muscat received approval from the Central Bank of Oman to buy equity in private sector bank
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The market breadth, indicating the overall health of the market turned negative from positive
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