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 higher at 73,711.31, and closed 253.31 points, or 0.34%, at 73,917.03. Nifty 50 opened higher at 22,415.25, and closed up 62.25 points, or 0.28%, at 22,466.10.
Among the sectors, barring Nifty PSU Bank, all sectoral indices ended higher.
Sensex closed up by 328.48 points or 0.45 per cent at 73104.61, while the Nifty surged by 118.55 points or 0.51 per cent to reach 22,217.85.
Nifty 50 opened 27 points lower at 22,027.95 compared to its previous close of 22,055.20 and extended losses to as much as 234 points, or over 1%, reaching the intraday low of 21,821.05.
Sensex and Nifty 50 rebounded into positive territory, with the Sensex closing 260 points, or 0.36%, higher at 72,664.47, and the Nifty 50 finishing 98 points, or 0.44%, up at 22,055.20.
