Bears take charge of market amid selling in IT, Pharma & Banking
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.
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.
Benchmark indices on Thursday continued their winning streak with Nifty crossing 24,200, intraday. The performance was on the back of buying across the sectors led by auto stocks after December sales number.
Benchmark indices closed with little change on Thursday in yet another volatile session, with the Nifty at 23,750 led by auto, pharma, energy stocks. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or at 23,750.20.
The Nifty 50 closed 0.11% lower, settling at 23,727, while the Sensex ended with a minor 0.09% drop at 78,472.
At close, the Sensex was up 498.58 points or 0.64% at 78,540.17, and the Nifty was up 165.95 points or 0.70% at 23,753.45.
"Financials, capital goods, select autos, telecom and construction related stocks can be bought on declines," Vijayakumar said.
The Indian stock market's benchmark Sensex slipped 263 points on Wednesday ahead of the US Federal Reserve's monetary policy outcome.
The Indian stock market's key indices rallied by around one per cent on Tuesday led by broad-based gains amid a rebound in global equities. The 30 stock S&P BSE Sensex closed 578.51 points or 0.98 per cent higher at 59,719.74 points against its previous day's close at 59,141.23 points.
Investors seemed to have already discounted the possible rate hikes by major central banks, including the US Federal Reserve. Positive cues from the overnight US markets too lent support.
The 30 stock S&P BSE Sensex jumped 300.44 points or 0.51 per cent to close at 59,141.23 points against its previous session's close at 58,840.79 points. Earlier, the Sensex started the day in the red at 58,747.31 points and fell to a low of 58,487.76 points in the early morning trade. The markets witnessed good buying support later in the day. The Sensex rose to a high of 59,277.55 points in the intra-day.
