Bharti Airtel (up 6.7 per cent) was the biggest gainer on the Sensex today, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, TCS, Titan, and Tech Mahindra
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)
The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
The Nifty Metal index skidded 2.5 per cent
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
Investors' wealth jumped Rs 3,48,431.23 crore as the market rally continued for the second straight session on Friday, with the BSE Sensex closing above the 55,000-mark for the first time. The 30-share BSE benchmark gained 593.31 points or 1.08 per cent to close at 55,437.29. During the day, it rallied 643.81 points to its intra-day lifetime record of 55,487.79. On Thursday, the benchmark had closed 318.05 points or 0.58 per cent higher. Following the two-day rally in equities, the market capitalisation of BSE-listed companies climbed Rs 3,48,431.23 crore to reach its all-time high of Rs 2,40,23,280.14 crore. "Enthusiastic retail participation has given momentum to the market enabling it to reach higher levels. Also, the rally has global support with the Dow and S&P 500 setting new records. "A healthy feature of today's rally is that it is led by high-quality blue-chips in performing sectors like IT, financials and telecom," said V K Vijayakumar, Chief Investment Strategist at ...
On the contrary, broader indices underperformed and ended mildly lower
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
In terms of valuation matrix like P/E or P/BV, many stocks forming part of the broad index would be expensive compared to long-term averages, Sachin Trivedi of UTI AMC said
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday