From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent
The broader markets witnessed healthy buying interest as both mid-cap and small-cap indices ended higher by 0.5 per cent
Benchmark indices drop 3% before settling 1.8% lower, amid Covid-19 surge, new restrictions
A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said
The market needs to see follow-up buying to break above crucial resistance levels
A recovering rupee and positive global cues also propped up the bourses, traders said
Sensex, Nifty rise 1.4%; experts see volatility continuing in near term
The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent
This is a sharp reversal in fortunes as till mid-February India was among the best-performing markets, with returns in excess of 10 per cent
Among the losers on the Nifty were Tata Motors, Adani Ports, IndusInd Bank, Bajaj Finance, UPL, SBI, Hindalco, and Shree Cement, down in the range of 5.6 per cent to 10 per cent
We caught up with Gaurav Dua and Aamar Deo Singh to understand where are the markets headed, what should be the investment strategy and which sectors and stocks look good to park one's money in
Market benchmarks nursed losses on Friday after three days of gains as the unabated rise in COVID-19 cases and localised lockdowns prompted investors to unwind bets in banking, finance and infra counters. A continuously depreciating rupee also sapped risk appetite, traders said. After a fluctuating session, the 30-share BSE Sensex ended 154.89 points or 0.31 per cent lower at 49,591.32. Similarly, the broader NSE Nifty slipped 38.95 points or 0.26 per cent to 14,834.85. Bajaj Finance was the top laggard in the Sensex pack, tumbling 3.12 per cent, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank. On the other hand, Sun Pharma, HUL, Tech Mahindra, Dr Reddy's and Titan were among the gainers, climbing up to 3.69 per cent. During the week, the Sensex declined 438.51 points or 0.87 per cent, while the Nifty shed 32.50 points or 0.21 per cent. "Domestic markets traded in a mild negative territory following weak global cue
Led by a surge in prices of metals and energy and a continued better show by lenders, India Inc is expected to report high double-digit growth in revenue
The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago
A depreciating trend in the rupee also weighed on risk sentiment, traders said
The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819
"The semi-lockdown by the Maharashtra government has made investors nervous," said Jyoti Jaipuria, founder, Valentis Advisors
IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Bajaj Finance, and UltraTech Cement were prominent gainers
A day earlier, both the indices had posted their biggest gain in nearly two months, advancing 2.3 per cent each
The Sensex and Nifty indices are eyeing up to 12 per cent upside from current levels, charts show