Benchmark indices fell for the second day on Friday, but ended the week with 2.5-per cent gain
In the preceding two weeks, domestic markets had crashed 7 per cent spooked by the US Federal Reserve's decision to start raising interest rates to cool down inflation
Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent
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Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
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Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
From highs to lows, Sensex saw a movement of 1,294 points but managed to finish strong
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
Favourable global cues, too, help benchmarks gain 1.4%; overseas investors remain sellers
The India VIX index - a gauge for market volatility - soared 6 per cent to 21.95 a day before the Union Budget
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
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
The market breadth was positive, with 1,955 stocks advancing and 1,404 declining
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
However, the Nifty50 remains the top performer on a one- and two-year basis
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
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