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.
The S&P BSE Sensex index fell as much as - 163.21 points or ( 0.44 per cent) to 37,221.78, and the broader NSE Nifty benchmark moved to as low as 10,026.95, down - 49.40 points (0.45 per cent) from the previous close.
After switching direction at least eight times during the session S&P BSE Sensex moved in a range of 413.41 points, before settling with a gain of 280.71 points at 37,384.99 for the day.
Industrial production growth slipped to 4.3 per cent in July from 6.5 in August.
Big names such as Reliance Industries, Axis Bank, Maruti Suzuki, and ITC contributed the most to the losses on the Sensex. Yes Bank shares slumped 5.10 per cent or Rs. 3.65 to close at 67.95 on the BSE.
Sensex opened higher at 37,330.47, from its previous close of 37,270.82.