Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
The broader markets, meanwhile, outperformed, rising for the fourth straight session
Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)
The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.
The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
The Nifty Metal index skidded 2.5 per cent
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
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
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.
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
Signs of a strong corporate earnings season lifted demand for risky equities