Gains led by IT, energy and realty stocks support positive sentiment
Leading money managers also warn of risks emanating from external factors besides frothy valuations in certain pockets in the domestic market
After a volatile session, the 30-share index ended 477.99 points, or 0.8 per cent higher, at 60,545.61
Stock-specific movement will be seen as the market is heading for the last batch of Q2 earnings
The Sensex ended 257.14 points or 0.43 per cent lower at 59,771.92
According to experts, moving stocks within the key benchmark indices such as the Nifty 50 and the Sensex to the T+1 cycle could prove risky if liquidity dries up and if FPIs halt trades
Benchmark BSE Sensex declined by 109 points on Tuesday due to losses in index major Reliance Industries, Tata Steel and ICICI Bank amid a muted trend in global markets.
The BSE index declined 5.3 per cent from its recent peak of 62,245 to a low of 59,105 in intra-day trades on Friday
Market experts said investors were spooked by the RBI's plan to drain cash from the banking system
Axis Bank, Dr Reddy's, SBI, M&M, Tech Mahindra, Sun Pharma, and HUL were the other winners, climbing up to 3.45 per cent
The DVRs carry lower voting rights but offer higher dividends
Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations
Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut
Indian companies have raised $10.8 billion from first-time share sales this year
Another near-term trigger for the stock would be the September quarter performance
The strong numbers posted by Infosys, Wipro, and Mindtree dissipated worries that arose after TCS's results
Equity benchmark Sensex rallied over 350 points in opening trade on Thursday to cross the 61,000-mark for the first time, driven by gains in Infosys, HDFC Bank and Reliance Industries.
The Nifty50 closed at 18,162, up 170 points, or nearly 1%, extending its year-to-date gains to 30%
HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma were among the laggards
Rate-sensitive banking and realty indices ended in the red, but auto closed with gains