Benchmark indices fell for the second day on Friday, but ended the week with 2.5-per cent gain
Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent
Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
Favourable global cues, too, help benchmarks gain 1.4%; overseas investors remain sellers
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
According to fund managers, flexi-cap and large-cap schemes may weather the current storm better
The benchmark index on Friday closed at 17,102
The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points
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For the week, the Sensex and the Nifty indices are down 3% each
Rate hikes may not be aggressive as Fed will try not to dampen economic growth
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Investors should stick to flexi-cap, balanced advantage funds instead
The share of such cases has been rising in the number of investigations by the regulator
The S&P BSE IPO Index, which tracks firms for two years after their listings, has plunged about 10 per cent so far this year
Sensex P/E of 26.3x is nearly twice MSCI EM's P/E and 40% higher than Dow Jones
NSE IFSC, NSE's International Exchange in GIFT City, on Tuesday said it has appointed Rajiv Mehrishi as the chairman of its governing board. The appointment is effective from Tuesday, the exchange said in a statement. The International Financial Services Centres Authority (IFSCA) had earlier approved his appointment as Public Interest Director (PID) on the Governing Board of NSE IFSC with effect from December 9, 2021. Mehrishi, a retired IAS officer, was the 13th Comptroller and Auditor General of India and vice-chairman of the United Nations Panel of External Auditors. Few of his prior roles include being finance secretary, home secretary and the chief secretary at government of Rajasthan. "The board and the management of NSE IFSC welcomes Mehrishi as chairman of NSE IFSC. His experience in corporate governance, finance, audit and corporate law will be immensely beneficial for the future development of NSE IFSC," the exchange said.
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close