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.
Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the…
Domestic equities continued with its weakness on account of subdued global cues and hawkish commentary from the Reserve Bank of…
Domestic equities got spooked post the hawkish commentary from RBI, says Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial…
A lesson from market history is that liquidity surge can keep the valuations elevated for an extended period of time, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Global market cap rose 7.3 per cent ($7.2Tn) over the last 12 months, while India's market cap jumped 17.2 per cent Barring Russia and China, all key global markets witnessed a rise in market cap over the last 12 months, Motilal Oswal Financial Services said in a report.
