Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Asia's falling stocks have triggered an exodus of funds from the region.
India was the best performing wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $8,230 billion in 2017
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
In a historic referendum on Thursday, the United Kingdom voted to leave the Eurozone.
Market breadth depicted strength. There were almost 3 gainers against every loser on BSE
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
Many giving double-digit returns, with India up less than one per cent; even so, it has done much better than other emerging markets.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
The market breadth, indicating the overall health of the market, turned negative from positive
'The pressure on relative performance and the feeling of being left out among many investors may also account for the belief among many that this has to be a technology stock bubble.' 'The feeling of a bubble is also reinforced by the extreme performance gap between growth and value investing.' 'While at first glance, one can only stand back awestruck by the wealth creation delivered by technology stocks globally. It does not seem at all like the internet bubble of 1999-2000, says Akash Prakash.
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Asian shares have begun the week on a plaintive note.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Extending gains for the third day, gold prices rose by Rs 300 to Rs 30,700 per ten gram in the national capital today on sustained buying by stockists for the ongoing marriage season amid a firming global trend.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
India gains at the expense of Russia and Brazil
In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.
The S&P BSE Midcap and the S&P Smallcap indices rallied over 1% each
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
On the BSE, 1,650 shares declined and 1,188 shares rose
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
The market breadth, indicating the overall health of the market, was positive
Banking stocks dipped with Nifty PSU Bank index falling 1.7% after the government notified the ordinance that seeks to tackle non-performing loans in the sector.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
The breadth, indicating strength of the market was strong
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
On BSE, 1,826 shares declined and 982 shares rose, while a total of 194 shares were unchanged
There were more than three losers against every gainer on BSE
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances