Market extends gains to fifth consecutive session; Nifty Bank touches record high
Sensex closed the day at 79,408.50, up 855 points, or 1.09%, while the Nifty 50 ended at 24,125.55, up 274 points, or 1.15%.
Sensex closed the day at 79,408.50, up 855 points, or 1.09%, while the Nifty 50 ended at 24,125.55, up 274 points, or 1.15%.
The combined market capitalisation of the top 10 most-valued companies surged by Rs 3.84 lakh crore last week, driven by a bullish trend in equities. HDFC Bank and Bharti Airtel emerged as the top performers.
At close, the Sensex was up 1,508.91 points or 1.96% at 78,553.20, and the Nifty was up 414.45 points or 1.77% at 23,851.65.
At close, the Sensex was up 309.40 points or 0.40% at 77,044.29, and the Nifty was up 108.65 points or 0.47% at 23,437.20.
BSE Midcap and smallcap indices rose 3% each. India VIX, the measure of volatility in the market, ended the session 19% lower.
At close, the Sensex was up 169.62 points or 0.22 per cent at 76,499.63, and the Nifty was up 90.10 points or 0.39 per cent at 23,176.05.
At close, the Sensex was down 1,048.90 points or 1.36 per cent at 76,330.01, and the Nifty was down 345.55 points or 1.47 per cent at 23,085.95.
The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
Analysts at HSBC downgraded Indian equities to 'Neutral' from 'Overweight’.
Market witnessed on Wednesday sharp rebound amid buying in heavyweights and IT, oil and gas, FMCG stocks.