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.
A substantial reduction in both retail and wholesale inflation in the nation prevented the indices from falling much, though.
The marginal rise in indices for the second day can be partly attributed to the moderation in both retail and wholesale inflation in India.
Sensex traded at 60,316.99 points, up 224.02 points or 0.37 per cent, whereas Nifty was at 17,964.75 points, up 69.90 points or 0.39 per cent.
Sensex traded at 60,392.31 points or 131.13 points or 0.22 per cent, whereas Nifty traded at 17,975.90 points, up 19.30 points or 0.11 per cent.
BSE Sensex fell 176 points to 59,781.42 and the NSE Nifty 50 fell 55 points to 17,826.45 points.
