The S&P BSE MidCap and SmallCap indices gained 0.60 per cent and 0.80 per cent, respectively
India VIX eased nearly 3 per cent to 20.23 levels
Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers
The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively
The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward
Titan was the top laggard in the Sensex pack, shedding 4.58 per cent
SBI Life (up over 5 per cent) settled the day as the top Nifty gainer, trailed by Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints, and Maruti Suzuki
Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support
Higher investments and muted growth in the products business can dent margins
The benchmarks were propped up by bargain-hunting in select frontline counters as well as supportive global cues, traders said.
From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent
Foresees further profit booking in coming weeks; advises investors to look at market corrections as a buying opportunity from a 6- to 9-month perspective
Says current crisis is a temporary blip and India is poised for a long bull market
The broader markets, however, managed to duck the bear onslaught and supported the overall market breadth
In a Q&A, Pratik Gupta, CEO & Co-Head, says despite several near-term headwinds, India offers relatively stronger long-term growth and returns prospects
Given the weak domestic cues, leading experts see more volatility over the next few sessions
The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent
Overall, the Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher
In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year
The Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 per cent.