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 scrip gained 5.11 per cent to Rs 1,647.30 on the BSE. At the NSE, shares jumped 5.13 per cent to Rs 1,647.55.
Investors distanced themselves from Yes Bank counter after the bank reported a 91 per cent fall in its profit at Rs 113.76 crore, down from Rs 1,260.36 in the comparable period last year.
Yes Bank jumped by 12 per cent on the BSE over reports that the company is set to get capital infusion from a US-based private equity investor
After plunging over 907 points during the day, the 30-share index settled 792.82 points or 2.01 per cent lower at 38,720.57.
Top losers in the Sensex pack included Bajaj Finance, ONGC, Hero MotoCorp, Maruti, L&T, NTPC, SBI, Tata Motors and Axis Bank, cracking up to 9 per cent.