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.
Meanwhile, after a massive surge of 9 per cent during the early trade, Yes Bank remained the top gainer on the chart with 3.33 per cent or Rs 68.30 per share at 1130 hours.
Sensex rose as much as 291.55 or 0.73 per cent, gaining for the seventh straight session over the strong inflow of foreign funds.
The jump comes after the central government took initiatives to compete with the ongoing slowdown in the Indian economy.
At 1200 hours the Market benchmark BSE Sensex was running at 40,057.39 over 200 points or 0.57 per cent from its previous close of 39,831.84
At 1200 hours, the broader NSE Nifty index was at 11,753.55, up 126.40 points or 1.09 per cent high from its previous close.