Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
Favourable global cues, too, help benchmarks gain 1.4%; overseas investors remain sellers
The India VIX index - a gauge for market volatility - soared 6 per cent to 21.95 a day before the Union Budget
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
For the week, the Sensex and the Nifty indices are down 3% each
Rate hike signal intensifies sell-off; Sensex down 6.5% in 7 sessions
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close
Sharp decline in markets on Monday in line with broader selloff in global equities amid concerns over US Fed's upcoming meeting where it is likely to signal a rate hike, balance-sheet reduction
However, the Nifty50 remains the top performer on a one- and two-year basis
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
In the last three sessions, the Sensex has lost 1,844 points, or 3 per cent
The BSE Sensex has shed 1,844 points from Monday's close ending at 59,464 level today, way below the 60K-mark.
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
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. .
According to Vinay Rajani of HDFC Securities, Nifty has got strong support at 17,944. High of 18,350 registered on Tuesday could act a short term resistance for the index.
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