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.
Gold has given positive returns of 21.84 per cent in the past one year, while returns on Silver has been 21.05 per cent, as per a report by Motilal Oswal Asset Management Company.
Sensex was down 247.78 points or 0.38% at 65,629.24, and the Nifty was down 46.40 points or 0.24% at 19,624.70.
All the sectoral indices ended in the green with the power index up 1%. FMCG, PSU Bank, metal, and oil & gas added 0.5% each.
There is a risk-on mood in the market triggered by the hope that the raging Israel-Hamas conflict will not spread, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
It was a topsy-turvy week that went by. Markets were flat for the first two trading sessions, and then gained, lost and ended the week with gains.
