Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
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.
Broader markers outperformed their larger peers.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
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Financials were the top losers after sharp gains in the previous session along with ITC
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Gains were led by index heavyweights Reliance Industries and Infosys.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
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Sensex,Nifty to remain under pressure through the week.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
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 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Investors will maintain a cautious stance.
'The market position from here on is expected to go up'.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Oil and select auto heavyweights bore the brunt of selling pressure; ONGC, RIL, Tata Motors, M&M key losers.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
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