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.
Nifty 50 opened at a record high of 23,629.85, touched another record high at 23,664.00, before fallling into the red as investors booked profit.
Sensex opened at a record high of 77,543.22 and closed at 77,337.59, up 36.45 points, or 0.05%.
Both the Sensex and Nifty hit their all-time high. Sensex hit its fresh all-time high of 77,366.77 during the session while the Nifty 50 hit its fresh all-time high of 23,579.05.
The Life Insurance Corporation of India (LIC) emerged as the biggest gainer, in-line with positive trend in equities.
Sensex opened higher at 76,912.38, and pared some of its gains to close at 76,992.77, up 181.87 points, or 0.24%. The index touched an intraday high of 77,081.30.
