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.
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 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.
The Sensex rose as much as 4.70 per cent or 1,474.36 points to hit 32,845.48 mark in the initial minutes of day’s trading.
1. The S&P BSE Sensex index closed 190.10 points or 0.60 per cent down at 31,371.12. 2. Stock exchanges in Europe were trading on a mixed note in early deals.
ICICI Bank, Kotak Bank, HUL, HDFC, IndusInd Bank, HDFC Bank and Nestle India were among the top drags in the Sensex pack.
At 12.57 p.m. the Sensex was trading at 31,958.16, up by 317.34 points or 1 per cent.
Market tried to cut off losses in the morning session but failed as selling resumed in consumer durables and banking sectors.