Nifty50 index closed above the 16,000 mark for the first time, ending the session at 16,123 with a gain of 238 points, or 1.55 per cent
The Nifty Private Bank index is up just 6 per cent year-to-date in the calendar year 2021, against nearly 13 per cent rally in the Bank Nifty and a 15 per cent rise in the benchmark Nifty50
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
Begin with a 50:50 allocation to Nifty50 & Nifty50 Equal Weight index fund
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday
The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty
Market players said the developments in China has promoted several foreign funds to prune their exposure to the entire emerging market (EM) pack
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.
Newly listed start-up Zomato is seen entering the index before the end of 2022
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
Signs of a strong corporate earnings season lifted demand for risky equities
HUL is likely to report 21.3 per cent YoY revenue growth at Rs 12,807.6 in its Q1 revenue report, ICICI Direct said in a note
In the global markets, mainstream indices in Japan, South Korea. and Australia declined in the range of 0.35 to 0.96 per cent
Analysts say, performance of the banking stocks would remain key if the market has to climb higher
Since the outbreak of the pandemic, the US Fed's balance sheet has risen 76 per cent from $4.2 trillion in March 2020 to $ 8.2 trillion on Wednesday
The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each