A rebounding rupee further bolstered sentiment, traders said
The overall market trend looks bullish; weakness, if any, may see investors buy at lower levels. Here's what technical charts indicate
The Nifty50 closed at 18,162, up 170 points, or nearly 1%, extending its year-to-date gains to 30%
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
The sentiment remained robust in the broader markets too as the BSE Midcap touched new high in intra-day session and ended 1.31 per cent higher
NSE Nifty settled the day in the red ahead of the FOMC outcome later today
On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week
RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished
Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
The broader markets, meanwhile, outperformed, rising for the fourth straight session
Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal
Snapping its four-session record-setting spree, the the 30-share benchmark closed 162.78 points or 0.29 per cent lower at 55,629.49
Bajaj Finance was the top loser in the Sensex pack, shedding 2.59 per cent, followed by Bajaj Finserv, SBI, Tata Steel, Titan, Asian Paints and Axis Bank
Indian shares fell for a second straight session, hurt by heavyweight financials stocks and RIL, with sentiment dented by the US Fed projection of hiking interest rates sooner than expected
Financials and materials stocks gained ahead of the 43rd GST Council meet to be chaired Finance Minister Nirmala Sitharaman later in the day
The jump in market capitalisation in the past year is not matched by its financial performance