On Monday, banking, media, realty, metal and auto stocks fell the most, with the Bank Nifty falling as much as 5.1 per cent per cent
Broader markets, on the other hand, faced an even severe blow with the S&P BSE MidCap and SmallCap indices dropping 5 per cent each
Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.
Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations
The Nifty PSU Bank and Bank indices shed 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent
The broader markets, however, braved the volatility and settled higher. The S&P BSE MidCap and SmallCap indices added 1 per cent and 0.8 per cent, respectively by close.
The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water
The overall market breadth was in the ratio of 1:3 in the favour of advances
The 30-share BSE index on Tuesday closed at 50,136.58, an increase of 1,128.08 points or 2.30 per cent
Metals and mining, cement, infrastructure, industrials etc. are expected to perform well in March quarter earnings, Kumar said
The Sensex index settled above the 50,000-mark for the first time since March 23
Only TCS, HUL and HDFC from the top-10 list saw a rise in their market capitalisation
Most Asian and European markets rose after revised US vaccine targets boosted optimism and revived hopes of global growth.
This was the indices' biggest 1-year drop in a monthly series
Weightage-wise, Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Infosys, Axis Bank, ITC, and SBI were responsible for 600 points cut in the Sensex
India, as well as the global markets, rebounded sharply from Covid-19 lows logged on March 23, 2020
Sectorally, the Nifty PSU Bank index emerged as the winner with 3 per cent gains by close. The other two banking indices too settled 1.7 per cent higher each
IndusInd Bank, Power Grid, ICICI Bank, Tata Motors, HDFC Bank, Reliance Industries, and Axis Bank, down up to 4 per cent, were the top laggards on both the benchmarks
According to analysts, domestic equities are attractive for foreign investors due to the higher returns. Also a rejig in some of the global indices has led to net inflows into domestic equities
Mood on D Street changed after Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year