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.
PSU stocks are top gainers in trade on Monday in a flat market.
The concern in the market now is the excessive valuations in the mid and small-cap segments, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The BJP retained power in Madhya Pradesh and seized control of Rajasthan and Chhattisgarh from the Congress
Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday.
CG Power and Industrial Solutions hit the upper circuit of 20 per cent on Wednesday after it announced a foray into semiconductor assembly at a cost of $791 million.