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 was trading at 60,272.34 points, down 474.97 points or 0.78 percent, while Nifty was trading at 17,983.60 points, down 117.60 points or 0.65 percent
There had been a fourth consecutive hike of 75 basis points magnitude before the most recent increase of 50 basis points.
BSE Sensex increased by 43 points to 60,396.65, and the NSE Nifty 50 increased by 14 points to 18,012.95
BSE Sensex fell 174 points to 61,119.75, while the NSE Nifty50 fell 56 points to 18,175.75.
On Tuesday morning, the laggards included JSL, Eureka Forbes, Triveni Turbine, Usha Mart, and Tatva Chintan Pharma.
