Stock market LIVE: Financial shares helped limit the losses, while IT, metal and FMCG shares weighed on the benchmark indices; Midcap, Smallcap indices decline over a per cent each
Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns
Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE
The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each
The overall market trend looks bullish; weakness, if any, may see investors buy at lower levels. Here's what technical charts indicate
The BSE m-cap stood at Rs 272.8 trillion by close
Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index
In the broader market, the BSE MidCap and SmallCap indices added 1.7 per cent and 1.4 per cent, respectively
Expensive valuations and a cautious global mood given the developments in China and the possibility of a third Covid wave may trigger mild profit booking in days ahead
While fundamental analysts have been sounding alarm over high valuations in the equity markets, given the sharp bull run, they continue to be bullish on Indian markets from a long-term perspective
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
The optimism is expected to continue in September. The Sensex can move up by around 2,000 points in the coming month, charts suggest
Market participants have become cautious amid significant valuations and strong gains Sensex has achieved since the start of the year
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
The Nifty IT index is one of the strongest indexes market at the current juncture, technical charts suggest
In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.
The broader markets, however, outperformed the frontline indices with the BSE MidCap and SmallCap indices adding 0.06 per cent and 0.34 per cent, respectively.
Overcoming a choppy start, the Sensex ended 138.59 points or 0.26 per cent higher at 52,975.80. On similar lines, the broader Nifty advanced 32 points or 0.20 per cent to finish at 15,856.05
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)