Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers
Stock market LIVE: The Bank Nifty ended 2 per cent higher at fresh record highs, while the broader indices - both BSE Mdicap and Smallcap declined around 1.7 per cent each
Stock market LIVE: Financial shares helped limit the losses, while IT, metal and FMCG shares weighed on the benchmark indices; Midcap, Smallcap indices decline over a per cent each
Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns
Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE
Sustainability and development have been key goals for the group
The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each
The overall market trend looks bullish; weakness, if any, may see investors buy at lower levels. Here's what technical charts indicate
Boost in special situation funds: The strategy adopted by these funds isn't strictly contrarian; the fund manager will also look for triggers or opportunities that could make certain stocks attractive
The BSE m-cap stood at Rs 272.8 trillion by close
Sectorally, all but the Nifty Realty index ended the session in the green led by the Nifty Auto index (up 3.4 per cent).
Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index
India's market capitalization has surged 37% this year to $3.46 trillion, according to an index compiled by Bloomberg.
The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels
The S&P BSE Information Technology Index has gained more than 48% this year, trouncing the Nasdaq 100's performance by about 31 percentage points and heading for the biggest annual beat since 2009
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
In the broader market, the BSE MidCap and SmallCap indices added 1.7 per cent and 1.4 per cent, respectively
In the past one month, the S&P BSE Power Index has gained over 6 per cent, outperforming the S&P BSE Sensex that has moved up around 1 per cent
Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers