Technical analysts say the Nifty looks set to log new life-time highs
India's m-cap on brink of $3 trillion mark as benchmark delivers best weekly show since Feb 5
Analysts say move will result in inflows of $119 million in Tata Steel and selling of $58 million from ONGC by passive funds benchmarked to index
Financial indices -- Nifty Bank, Private Bank, PSU Bank, and Financial Services -- outperformed on the NSE today, and gained between 3-3.5%
State-owned SAIL and Jindal Steel & Power have lost over 17% each since May 10. Industry leaders Tata Steel, JSW Steel and Hindalco are down over 8% each
Heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, TCS, and HDFC contributed the most towards the indices' losses
The broader NSE Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15
Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day
In the broader market space, the S&P BSE MidCap index zoomed 1.9 per cent to settle at 21,232 after hitting record peak of 21,255 levels earlier today
Eight of the top 10 index contributors included names like HDFC Bank, ICICI Bank, HDFC, SBI, Axis Bank, and Kotak Mahindra Bank
On a weekly basis, both, the Sensex and the Nifty50 indices slipped around 1 per cent each
On YTD basis, BSE benchmark is up 1.97%, while Nifty has gained 5.11%
The broader markets, too, succumbed to profit booking with the BSE MidCap and SmallCap indices falling 0.9 per cent and 0.6 per cent, respectively.
Adani Total Gas and Adani Transmission rose 1.5% and 2.9%, while Adani Enterprises ended little changed; Sensex dropped 0.7%
The S&P BSE MidCap and SmallCap indices gained 0.60 per cent and 0.80 per cent, respectively
India VIX eased nearly 3 per cent to 20.23 levels
Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers
The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively
The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward
Titan was the top laggard in the Sensex pack, shedding 4.58 per cent