Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
This is for the first time ever that the market capitalisation of BSE-listed companies has gone past the coveted Rs 400 trillion mark.
BSE said it has decided to bring down its annual listing fee for its SME platform by 25 per cent as part of efforts to support SMEs.
ICICI Bank, Kotak Bank, HUL, HDFC, IndusInd Bank, HDFC Bank and Nestle India were among the top drags in the Sensex pack.
Other gainers on the BSE chart included PowerGrid, ONGC and Reliance Industries were among the major gainers.
1. Bharti Airtel and Sun Pharma were the gainers in the BSE index. 2. HDFC twins, ICICI Bank, Infy and RIL lead the market losers.
This latest development comes following the recent global developments in the crude oil derivatives markets.