Despite a 0.8 per cent fall in heavyweight Reliance, Bajaj twins, HUL, Asian Paints, Maruti, Titan, Kotak Bank and Nestle led the upmove on the Sensex, moving up to 4.8 per cent higher.
CLOSING BELL: This was the first gain for benchmark indices in seven days
Experts remain sanguine on the domestic markets' ability to turn around and believe robust domestic inflows, strong economic indicators, and cheap valuations will strengthen the markets
If Nifty breaches support levels of 15,600-15,700, the index could fall to 14,500 levels
In an Q&A Manishi Raychaudhuri, Asia-Pacific equity strategist at BNP Paribas says he expects the current volatility in Asian and Indian equities to continue over the foreseeable time horizon
Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
Analysts expect SBI Life stock to outperform peers over the next one-two years, riding on the stock growth prospects for the sector
According to a report by MOFSL, FIIs increased their weights in Oil and Gas (O&G), Capital Goods and Retail segments during Q1FY21 while DIIs trimmed their stake in these segments
DII holding in the BSE500 universe stood at a record high of 14.4 per cent at the end of the September quarter, according to a note by Credit Suisse
Experts say the high MF selling tally might be because of redemptions in arbitrage schemes