Oil and mining shares were among the biggest gainers on the pan-European STOXX 600, after FTSE-listed BP reported a $12.8 billion annual profit
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.
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
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
Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
Shares of Axis Bank on Tuesday rallied nearly 7 per cent after the company reported a sharp three-fold jump in its consolidated net profit for the December quarter.
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
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.
They generated average returns of 40%, against the Nifty's 24%
TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.
The market capitalisation of BSE-listed companies reached another milestone on Thursday, rallying to a fresh all-time high of over Rs 278.15 lakh crore, driven by an ongoing rally in equities. Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30. In five days, the benchmark index has gained 1,633.46 points. The winning momentum has helped the market capitalisation of the BSE-listed companies reach an all-time high of Rs 2,78,15,826.32 crore on Thursday. Investors' wealth also jumped by Rs 7,00,934.44 crore in five days. Tata Steel was the biggest gainer among the 30-share BSE frontline companies' pack with a jump of 6.40 per cent, followed by Sun Pharma, L&T, M&M, Bajaj Finserv and PowerGrid. In the broader market, the BSE small-cap index jumped 0.49 per cent and mid-cap gained 0.38 per cent. "Market is continuing its upward trend with good buying witnessed across mid-cap and small-cap space. .
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
Investors were enthused after the US Federal Reserve (Fed) Chair Jerome Powell's statement to the US Congress did not throw up surprises
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
Easy onboarding, according to experts, is the most significant factor responsible for the rise in mobile trading
The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed