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.
Indian stock indices, which have been buoyant over the past several sessions, touched their all-time highs last Wednesday too.
Indian Fintech giant Paytm has hit headlines for many positives recently.
Strong fundamentals including a firm GDP outlook, moderate inflation, and strong purchases by foreign investors saw the markets trading in the green.
On Thursday, Adani Enterprises' shares surged 1.74 per cent to Rs 1,589.90 apiece on BSE. It had gone up 15.90 per cent in a span of five days.
Foreign portfolio investors (FPIs) have sold assets worth about Rs 15,828 crore in Indian stock markets so far in 2023
