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 and Nifty were 0.2 per cent higher each this morning. Notably, Sensex crossed the 65,000 mark for the first time this week.
Indian stock indices continued to remain green as they built on the previous week’s sharp gains. Benchmark Sensex and Nifty…
Indian stock indices - Sensex and Nifty - last touched their all-time highs Wednesday, with experts attributing it to strong economic parameters.
Indian stock markets will remain closed next on August 15 for Independence Day celebrations.
As benchmark indices scaled new highs in trade on Wednesday, sheer buoyancy of stock prices even in the broader markets made several seasoned investors waiting on the sidelines for a meaningful correction mere spectators, said S. Ranganathan, Head of Research at LKP Securities.
