Fag-end buying saved the day for markets as the benchmark Sensex rose 130 points to 25,399.65 on recovery in European stocks from early losses and hopes that Reserve Bank will cut interest rates on Tuesday.
After a day's pause, market benchmark Sensex resumed its upward march by bouncing 95 points in a choppy trade to end at 24,717.99, spurred by rally in FMCG, healthcare and oil&gas stocks as buying activity re-emerged amid a firming trend overseas.
Equities snapped a two-day rally as the market benchmark Sensex plunged by 330 points to 24,287.42 ahead of the release of GDP numbers for the third quarter as selling pressure intensified in the second half of the session on bearish European cues.
Falling for the fourth straight session, the benchmark BSE Sensex today slipped by 108 points to close at a three-week low of 25,530.11 led by a fall in ITC after a GST panel suggested 40 percent tax rate for demerit goods like pan masala and tobacco.
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Rising for the second day in a row, the benchmark BSE Sensex Tuesday jumped over 104 points to 25,864.47, helped by value-buying in beaten-down stocks and a firm global trend after concerns about impact of Paris attacks receded.
Infosys' lower dollar revenue forecast for the current fiscal threw markets off-track Monday, triggering a bout of profit taking, which saw the benchmark BSE Sensex close 175 points lower at 26,904.11.
Tracking firm global cues, the market benchmark Sensex Monday closed at one and a half months high of 26,785.55 with a surge of 564.60 points as inventors sensed diminishing chances of the Fed rate hike in the near future after a weak US jobs report.
Tracking firm European cues, Indian shares Wednesday snapped their two-day losing streak as the market benchmark Sensex ended 171.15 points higher at 25,822.99 driven by short covering in recently beaten-down stocks of realty and banking sectors.