Ad-H Ad-H

Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%

Stock market highlights: Benchmark indices rose for a fifth straight day, albeit amid volatility, as losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance.

After staying around 250 points lower for better part of the day, the S&P BSE Sensex bounced 583 points from the lows to hit a high of 58,328 during the day. The 30-pack index eventually closed at 58,136, up 21 points or 0.04 per cent. The Nifty50, on its part, recovered from the lows of 17,216 to end at 17,345, up 5 points or 0.03 per cent.In the broader market, the BSE MidCap and SmallCap indices advanced up to 0.5 per cent. Sectorally, the Nifty PSU Bank index surged 2.7 per cent, while the Nifty Realty index fell 1.7 per cent.

BS Special :: What’s on FPIs’ buying list?

Banks, information technology, capital goods and the automobile sectors could be on foreign portfolio investors’ radar as they turn back focus to Indian equities after a gap of around nine months, said analysts. While most analysts believe that the worst could be over as regards FII/FPI selling – and hence equity markets – they do warn against intermittent selling on the basis of macro-economic and geopolitical developments and how the policy-makers react to it. READ MORE

Source link

Leave a Comment