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.
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
The losses were weighed on investors' risk appetite who will also closely track March quarter results at home.
The Sensex was down 793.25 points or 1.06 percent at 74,244.90, and the Nifty was down 234.40 points or 1.03 percent at 22,519.40.
Sensex was up 354.45 points, or 0.47%, at 75,038.15, and the Nifty was up 111 points, or 0.49%, at 22,753.80.
Most analysts are of the view that the equity markets reacted positively to the Budget primarily due to higher capital expenditure plans, status quo on direct taxes and no incremental taxes on capital gains.
During the last trading hours, Sensex was trading at 48,555.42, higher by 2,269.65 points or 4.90 per cent.
On the Sensex chart, IndusInd Bank, trading higher by over 7 per cent, followed by ICICI Bank, HDFC, Larsen, HDFC Bank and SBI
Nifty50 was trading lower by 26.25 points or 0.19 per cent at 13,791.30 from its previous close.
In the broader market, the S&P BSE MidCap and SmallCap ended with losses at 0.4 per cent and 0.45 per cent respectively.