Favourable global cues, too, help benchmarks gain 1.4%; overseas investors remain sellers
Investors' wealth on Monday gained over Rs 3.33 trillion as markets witnessed heavy buying a day ahead of the Union Budget, with the 30-share BSE benchmark rallying about 814 points.
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
According to fund managers, flexi-cap and large-cap schemes may weather the current storm better
The benchmark index on Friday closed at 17,102
The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points
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For the week, the Sensex and the Nifty indices are down 3% each
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Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Investors should stick to flexi-cap, balanced advantage funds instead
The share of such cases has been rising in the number of investigations by the regulator
The S&P BSE IPO Index, which tracks firms for two years after their listings, has plunged about 10 per cent so far this year
Sensex P/E of 26.3x is nearly twice MSCI EM's P/E and 40% higher than Dow Jones
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
A sharp sell-off in small-sized companies witnessed one out of every five traded stocks locked at the lower circuit on the BSE.
SWFs' investments in the ESG space globally surged 215.3 per cent in 2021 to $22.7 billion, from $7.2 billion the previous year
Fund houses launched 19 new ETFs between April and December 2021