The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward
SBI Life (up over 5 per cent) settled the day as the top Nifty gainer, trailed by Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints, and Maruti Suzuki
On Friday, the index closed at 14,631, after dropping 264 points, or 1.8 per cent. Despite the sharp fall, the 50-share index currently trades above its 100-DMA of 14,459
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
Bank stocks lead the fall; FIIs pull out Rs 3,465 crore
Among key sectoral indices, robust global demand lifted the Nifty Metal index to record peak of 4,869 on the NSE today
CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets
Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack
Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
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, however, managed to duck the bear onslaught and supported the overall market breadth
Given the weak domestic cues, leading experts see more volatility over the next few sessions
The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent
Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade
Overall, the Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher
The Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 per cent.
As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in the form of pandemic to lockdowns to GDP contractions
Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.
Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations