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.
Sensex opened at a record high of 77,102.05, and pared some gains to close at 76,810.90, up 204.33 points, or 0.27 per cent. The index surged to create a fresh all-time high of 77,145.46.
Sensex opened at 76,680.90 and closed at 76,456.59 falling prey to profit booking. The index rose about 370 points to hit its intraday high of 76,860.53.
Investors are awaiting the release of US inflation data and the Federal Reserve’s policy meeting.
Last Week, Indian equity markets witnessed high volatility sessions due to an unexpected outcome in the 2024 Lok Sabha elections.
Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell on Monday, a day after Prime Minister Narendra Modi and his Union Council of Ministers took oath to office.
