Shares of Vedanta jumped 3.84% on the BSE amid a report by PTI that Tamil Nadu chief minister K Palaniswami has allowed the company to operate its Tuticorin plant to produce oxygen
Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.
BSE Sensex settled the day 202 points down at 47,878, dragged lower by the weakness in ICICI Bank, Infosys, HUL and HDFC Bank
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
Sensex ended the session at 48,081, up 375 points, mainly led by strength in the banking and financial counters
From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent
BSE barometer Sensex dropped over 1,000 points from day's high to hit a low of 47,438 in the intra-day trade
The broader markets, however, managed to duck the bear onslaught and supported the overall market breadth
Sensex index quoted 47,949 levels, down 883 points while the Nifty50 was at 14,359 levels, down 258 points
The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent
For the week, both Sensex and Nifty have slipped 1.5 per cent each
Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade
BSE barometer Sensex recouped 800 points from the day's low and ended 260 points, or 0.5 per cent, higher at 48,804 levels
Overall, the Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher
Breaking away from a range-bound trade, the benchmark indices zoomed over 1 per cent in the last-hour of trade on Tuesday
The Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 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
Among headline indices, the S&P BSE Sensex ended the day at 49,591 level, down 155 points
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.
Overall, the S&P BSE Sensex and the Nifty50 closed at 49,746 and 14,874 levels, up 84 points and 55 points, respectively