Market ends sharp recovering from low led by auto, bank, telecom & FMCG
Benchmark indices ended sharp recovering from the day's low in a highly volatile session, and ended strong led by auto, bank, telecom and FMCG names.
Benchmark indices ended sharp recovering from the day's low in a highly volatile session, and ended strong led by auto, bank, telecom and FMCG names.
Benchmark indices extended the losses on the third consecutive session amid selling across sectors barring Information Technology. At close, the Sensex was down 494.75 points or 0.61% at 81,006.61, and the Nifty was down 221.50 points or 0.89% at 24,749.80.
Sensex ended 808.65 points or 0.98% lower at 81,688.45 while the broader Nifty fell 200.25 points or 0.8% to 25,049.85.
Nifty 50 index fell by 0.50%, slipping below the 25,000 mark to close at 24,915 points while the Sensex declined by 0.53%, settling at 81.485 points.
At close, the Sensex was down 151.48 points or 0.18% at 82,201.16, and the Nifty was down 53.60 points or 0.21% at 25,145.10.
Sensex and Nifty 50 gained back all of the ground they had lost earlier and continued to rise due to encouraging trends in international stocks and new inflows of foreign money.
Sensex closed at 81,867.55, up 126 points, or 0.15%. The index hit its fresh all-time high of 82,129.49.
The Sensex jumped 1,292.92 points, or 1.62%, to settle at 81,332.72. During the day, it soared 1,387.38 points, or 1.73%, to reach 81,427.18.
A day after the presentation of the Union Budget, the Sensex closed at 80,148.88, down 280.16 points or 0.35% while the Nifty was down 65.50 points or 0.27% at 24,413.50.
Buying was seen in select heavyweight stocks helping the market move upwards.
