- Relief for bond mkt on debt supply as govt prunes H2 borrowing plan
- PVR case: Sebi penalises 3 individuals for violating insider trading norms
- Stricter disclosure norms may trigger DRHP filing rush in next two months
- FPIs turn net sellers again; withdraw Rs 7,600 cr from equities in Sep
- Global factors, macroeconomic data to drive markets in week ahead: Analysts
- Seven of top-10 firms lose Rs 1.16 trn in mcap; Reliance worst hit
- China's $5 trillion rout creates historic gap with Indian stocks
- India Inc's credit rating upgrade momentum continues in first half of FY23
- High inflation keeps Wall Street, global stocks muted to end brutal quarter
- Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs
Fag-end buying drives Sensex higher after two-day hiatus, up 55 points
Airtel, Nestle India, TCS and ITC contributed the most to gains for the benchmark indices
Last minute buying helped benchmark indices eke out gains and close in the green after a gap of two days, with Airtel, Nestle India, TCS and ITC contributing the most to gains. Meanwhile, privtae banks, RIL and Infosys were among the top drags.
The BSE Sensex settled the volatile session on the day of weekly F&O expiry at 58,305, up 55 points while Nifty closed 4 points higher at 17,357. Overall, the benchmark indices ended the truncated week with a gain of 0.3 per cent. The domestic markets will be shut for trading on Friday on account of Ganesh Chaturthi.
Buying momentum remained high in midcap and smallcap stocks as the BSE Midcap ended up 0.56 per cent and the BSE smallcap 0.52 per cent. Both indices also hit their respective all-time highs in today's session.
In sectoral space, Nifty Realty followed by Financial Services, Pharma and Bank were the top losers. On the other hand, Nifty Media, with a gain of 2.97 per cent was the best performing index. Nearly 20 per cent rally in Dish TV helped the media index put up a strong show. Other sectoral gainers were Metal, FMCG, IT and PSU Bank.