Sensex records biggest one-day jump in a month, Nifty50 ends the session with a gain of 211 points or 1.4 per cent
Barring shares of Dr Reddy's Labs, all constituents of the 30-pack index traded in the red
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
Contrary to the global market mood, SGX Nifty was hinting at a gap-up start for Indian equities after a steep selloff on Monday with the index trading 1.26 per cent up at 13,430
The benchmark equity indices have rallied over 80% from March lows leaving many analysts concerned about stretched valuations
Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...
Experts say spike can be attributed to limited availability of dealing room staff
Analysts have cut the 12-month average profit estimates for Nifty members by 20% since January on concerns about a patchy recovery and climbing virus numbers
India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.
Earlier in the day, Indian stock markets had seen their worst daily crash since 2008 as the pandemic fuelled growth fears for the country's economy
All Sensex components ended in the red, with Tata Steel cracking 6.39 per cent, followed by ONGC, Maruti, HDFC, Titan and ICICI Bank
Today, a total of 65 companies including Maruti Suzuki, Manappuram Finance, and Century Textile, are scheduled to announce their December quarter results
The mock trading on Saturday is scheduled for commodity derivatives, equity derivatives, currency derivatives and equity segments
The BSE Sensex crossed the historic 40,000-point milestone, while the broader NSE Nifty conquered 'Mount 12k' in 2019, bringing cheer to stock market faithfuls
Experts say most popular global indices don't have a sectoral cap, but the weight of the top sector in markets like the US, Japan and the UK is relatively less compared to India
American index's valuation fell 520 bps against 150 bps decline in NSE index
There is also a relatively small chance that we'll see a new all-time high soon
The Sensex today scrambled for ways, but closed above the base line for the eighth straight session even as Standard and Poor's kept India's sovereign credit rating unchanged. The broader NSE Nifty too moved sideways multiple times before ending a tad higher. "Market traded in a narrow range due to status quo in sovereign rating where investors expected a positive revision. Later, the market reversed from the day's low and managed to close on positive note with an expectation of improvement in Q2 GDP data during the week," said Vinod Nair, Head of Research, Geojit Financial Services Ltd. The outcome of the upcoming OPEC meeting on oil supply and F&O expiry this week kept investors on the sidelines. The 30-share barometer opened lower and stayed in the red for the most part of the day. But sudden buying in the last one hour of trading took it to 33,724.44, up 45.20 points, or 0.13 per cent, from its previous close. The index had risen 918.80 points in the past seven .