On BSE, shares ended the day at Rs 20.95 apiece, down 18.32 per cent over previous close
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
"Our inclination is towards sectors that will participate in economic growth like BFSI, consumer discretionary - including auto, capital goods - infrastructure and IT," says Sachdeva
Volumes in CY21 jump 2x to 17.3 billion
Costlier oil also weighing on sentiment; analysts see no let-off in volatility
Stock market LIVE: Sector-wise, only Auto, metals and energy stocks were trading higher. Meanwhile, Nifty IT index, down nearly 2 per cent , was still the biggest loser. .
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
In a largely range-bound session, the 30-share BSE Sensex ended 85.88 points or 0.14 per cent higher at 61,308.91
Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade. The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48. The market capitalisation of BSE-listed firms reached a lifetime high of Rs 2,80,02,437.71 crore on Monday. Sensex and Nifty broke their five-day rising streak to close with slim losses on Friday. "Markets started the week on a flat note amid mixed global cues. As the day progressed, high volatility was witnessed but the benchmark traded in a positive range for most of the session," said Ajit Mishra, VP - Research, Religare Broking Ltd. Ultratech Cement was the biggest gainer among the Sensex shares, with a gain of 2.78 per cent, followed by Maruti Suzuki, Mahindra & Mahindra, Tata Steel, TCS, L&T and SBI. In the broader market, BSE midcap index rose .
In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.
Markets will swing to the tunes of Covid for some time to come till we see medical intervention eliminate the threat completely, says Gopani
In the past year, floater funds have on average given returns of 3.79 per cent, lower than other categories like low duration funds, short duration funds, and medium duration funds
The Nifty has formed a bullish candle and is also holding higher bottom series, which support a further uptrend, said analysts
TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.
The market capitalisation of BSE-listed companies reached another milestone on Thursday, rallying to a fresh all-time high of over Rs 278.15 lakh crore, driven by an ongoing rally in equities. Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30. In five days, the benchmark index has gained 1,633.46 points. The winning momentum has helped the market capitalisation of the BSE-listed companies reach an all-time high of Rs 2,78,15,826.32 crore on Thursday. Investors' wealth also jumped by Rs 7,00,934.44 crore in five days. Tata Steel was the biggest gainer among the 30-share BSE frontline companies' pack with a jump of 6.40 per cent, followed by Sun Pharma, L&T, M&M, Bajaj Finserv and PowerGrid. In the broader market, the BSE small-cap index jumped 0.49 per cent and mid-cap gained 0.38 per cent. "Market is continuing its upward trend with good buying witnessed across mid-cap and small-cap space. .
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
Investors were enthused after the US Federal Reserve (Fed) Chair Jerome Powell's statement to the US Congress did not throw up surprises
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
The benchmark Sensex ended the session at 60,617 - a gain of 221 points, or 0.4 per cent