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
Fund houses launched 19 new ETFs between April and December 2021
Record addition of clients lift shares amid broader market rally
At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
On BSE, shares ended the day at Rs 20.95 apiece, down 18.32 per cent over previous close
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
"Our inclination is towards sectors that will participate in economic growth like BFSI, consumer discretionary - including auto, capital goods - infrastructure and IT," says Sachdeva
Volumes in CY21 jump 2x to 17.3 billion
Costlier oil also weighing on sentiment; analysts see no let-off in volatility
Stock market LIVE: Sector-wise, only Auto, metals and energy stocks were trading higher. Meanwhile, Nifty IT index, down nearly 2 per cent , was still the biggest loser. .
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
In a largely range-bound session, the 30-share BSE Sensex ended 85.88 points or 0.14 per cent higher at 61,308.91
Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade. The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48. The market capitalisation of BSE-listed firms reached a lifetime high of Rs 2,80,02,437.71 crore on Monday. Sensex and Nifty broke their five-day rising streak to close with slim losses on Friday. "Markets started the week on a flat note amid mixed global cues. As the day progressed, high volatility was witnessed but the benchmark traded in a positive range for most of the session," said Ajit Mishra, VP - Research, Religare Broking Ltd. Ultratech Cement was the biggest gainer among the Sensex shares, with a gain of 2.78 per cent, followed by Maruti Suzuki, Mahindra & Mahindra, Tata Steel, TCS, L&T and SBI. In the broader market, BSE midcap index rose .
In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.