Market witness sharp rebound; Sensex, Nifty end flat
Market witnessed on Wednesday sharp rebound amid buying in heavyweights and IT, oil and gas, FMCG stocks.
Market witnessed on Wednesday sharp rebound amid buying in heavyweights and IT, oil and gas, FMCG stocks.
At close, the Sensex was up 234.12 points or 0.30% at 78,199.11, and the Nifty was up 91.85 points or 0.39% at 23,707.90.
At close, the Sensex was down 720.60 points or 0.90 per cent at 79,223.11, and the Nifty was down 183.90 points or 0.76 per cent at 24,004.75.
The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty.
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
At closing, Sensex was down 131 points or 0.16 per cent at 82,948 and Nifty was down 41 points or 0.16 per cent at 25,377.
Indian equity indices closed at record high due to gains in heavyweights like ICICI Bank and L&T.
In the last three to four weeks, one finds that a single day’s movement, whether upward or downward, makes the trend or direction of the whole week.
Sensex and the Nifty 50 ended with mild losses due to profit booking following a steep rise of almost 2% in the previous session.
At the close, the Sensex was up 1,439.6 points, or 1.8%, at 82,962.7, and the Nifty 50 was up 470 points, or 1.9%, at 25,388.9.
