Given the weak domestic cues, leading experts see more volatility over the next few sessions
The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent
Overall, the Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher
In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year
The Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 per cent.
On Monday, banking, media, realty, metal and auto stocks fell the most, with the Bank Nifty falling as much as 5.1 per cent per cent
Broader markets, on the other hand, faced an even severe blow with the S&P BSE MidCap and SmallCap indices dropping 5 per cent each
Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.
Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations
The Nifty PSU Bank and Bank indices shed 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent
The broader markets, however, braved the volatility and settled higher. The S&P BSE MidCap and SmallCap indices added 1 per cent and 0.8 per cent, respectively by close.
The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water
The overall market breadth was in the ratio of 1:3 in the favour of advances
The 30-share BSE index on Tuesday closed at 50,136.58, an increase of 1,128.08 points or 2.30 per cent
The Sensex index settled above the 50,000-mark for the first time since March 23
Metals and mining, cement, infrastructure, industrials etc. are expected to perform well in March quarter earnings, Kumar said
Only TCS, HUL and HDFC from the top-10 list saw a rise in their market capitalisation
Most Asian and European markets rose after revised US vaccine targets boosted optimism and revived hopes of global growth.
This was the indices' biggest 1-year drop in a monthly series
Weightage-wise, Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Infosys, Axis Bank, ITC, and SBI were responsible for 600 points cut in the Sensex