Market ends low amid IT selloff; mid, small-caps underperform
At close, Sensex declined 0.1%, or 72.56 points, to settle at 74,029.76, while the Nifty slipped 0.12%, or 27.4 points, to 22,470.5.
At close, Sensex declined 0.1%, or 72.56 points, to settle at 74,029.76, while the Nifty slipped 0.12%, or 27.4 points, to 22,470.5.
At close, the Sensex was down 12.85 points or 0.02% at 74,102.32, and the Nifty was up 37.60 points or 0.17% at 22,497.90.
Analysts at Morgan Stanley expect the Sensex to hit the 105,000 mark by December 2025 as their bull-case scenario for the index.
At close, the Sensex was down 7.51 points or 0.01% at 74,332.58, and the Nifty was up 7.80 points or 0.03% at 22,552.50. For the week, BSE Sensex added 1.5% and Nifty jumped 2%.
Benchmark indices on Wednesday bounced back sharply with Nifty finishing above 22,300, breaking a 10-day losing streak.
On the 30-components on Sensex, only four managed to close in the green— Dr Reddy's, ICICI Bank, HDFC and L&T, rising up to 0.74 per cent
Domestic equities rebounded sharply despite weak global cues mainly supported by a sharp recovery in financial stocks, said Binod Modi, Head - Strategy at Reliance Securities.
Unlike the larger markets, the MidCap and SmallCap on the broader markets ended with gains at 0.99 per cent and 0.73 per cent respectively.
Sector-wise, BSE power, utilities, energy, FMCG, basic materials, and metals indices rose up to 3.25 per cent, while BSE realty and capital goods closed with losses.
Following the large-cap markets, the broader markets also plunged with MidCap and SmallCap closing at 1.3 and 1.6 per cent down respectively.
