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.
At 9.30 am on Friday, the S&P BSE Sensex was down 376 points at 60,450, while the NSE Nifty was down 115 points at 17,995.45.
On the index Nifty 50, Apollo Hospital, HCL Tech, UPL, HDFC Life and Hindalco were in the green while Dr Reddy's, Bharti Airtel and L and T were some of the stocks which were trading in negative.
On Monday, domestic stock markets settled with decent gains. The Nifty 50 index opened at 18,288.10 and marched higher as the session progressed to settle above the 18,400 level.
S&P BSE Sensex gained 40 points to 61,378.29 whereas NSE Nifty 50 surged 19.75 to 18,288.75 level at 9.30 am on Monday.
In the last two consecutive months, India's wholesale inflation is in the single-digit.
