The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
Last year's Union Budget had created uncertainty regarding the amount of tax that had to be withheld on dividend paid to non-residents
The benchmark Sensex jumped 5 per cent, while the Bank Nifty zoomed 8.3 per cent
In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months
Stocks tend to see huge gyration on Budget day as investors decipher the impact of the various announcements made by the Finance Minister
FPIs sell Rs 5,931 crore on Friday, most since March
The 30-share BSE benchmark tanked 588.59 points or 1.26 per cent to finish at 46,285.77 on Friday.
Both the benchmarks have erased around 5 per cent during the week
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
The Sensex, too, has fallen by 6 per cent, ending Thursday's session at 46,874.36
YTD returns turn negative
All that happened in the markets today
Markets are past the phase of multiple expansion driven by ultra-easy financial conditions
Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.8 per cent
The country's most-valuable firm reported record quarterly profit for the quarter ended Dec 31, but didn't disclose gross refining margins, a key metric to analyse its oil and petrochemicals vertical
India VIX ticked up 4 per cent
Debt reduction, gains from digital priced in
Most global stocks dropped, with investors pruning their bullish bets as rising Covid-19 cases sparked concerns about corporate earnings and economic revival
Here's a selection of Business Standard opinion pieces for the day
Dalal Street is where dreams are made and destroyed