Bombay Stock Exchange News
The Sensex ended 440.76 points, or 0.87 percent lower at 50,405.32, while the Nifty settled at 14,938.10, down 142.65 points, or 0.95 percent. All the sectoral indices ended in the red with banks, financials, and metal indices leading the losses. Broader markets also succumbed to selling pressure. On the Nifty50, IndusInd Bank, UPL, Tata Motors, Wipro, and Hindalco Industries were the top losers, while ONGC, GAIL India, Maruti Suzuki, Kotak Mahindra Bank, and Hero MotoCorp were the top gainers.
Over the previous three sessions, the Sensex had risen by 2,344.66 points or 4.77 per cent, while the Nifty had added 716.45 points or 4.93 per cent. Global crude oil benchmark Brent was trading 0.36 per cent higher at USD 64.22 per barrel. Sensex tumbles 726.29 points to 50,718.36 in opening trade; Nifty drops 197.05 points to 15,048.55.
The Sensex was up 308 points at 50,158 while the Nifty50 rose 68 points to 14,830. Broader markets outperformed benchmarks with the midcap and smallcap indices up around 0.8 percent each. On the Nifty50 index, BPCL, IOC, Bajaj Finance, Hero Moto and Grasim were the top gainers while ONGC, HDFC, Powergrid, Hindalco and Coal India led the losses.
All sectors also ended in the green for the day led by Nifty Auto, which rose 2.4 percent. Nifty Energy and Nifty Metal were also up 2 percent for the day. Barring Bharti Airtel, all other Nifty50 constituents ended in the green with PowerGrid Corporation, ONGC, Grasim Industries, UPL and Shree Cement rallying the most.
The gains were on the back of a rally in global markets as bond markets calmed a bit after last week's spike. Indian indices are trading higher after a massive rout of over 1900 points on the Sensex on Friday. In early trade, top Nifty gainers have been ONGC, UltraTech Cement, Power Grid, UPL, Tech Mahindra, while laggards include Bharti Airtel, Hindalco.
Equity benchmark Sensex opened on a strong note and surged nearly 400 points in early trade on Friday as investor sentiments improved amid positive leads from Asian markets and overnight gains on Wall Street. The 30-share index was trading 395.08 points or 1.08 per cent higher at 36,948.68, and the NSE Nifty climbed 121.50 points or 1.12 per cent to 10,927.05. All Sensex components were trading higher with IndusInd Bank, M&M, TCS, Bajaj Finance, Bharti Airtel, Sun Pharma, Maruti, Tata Steel and Axis Bank gaining up to 3.22 per cent.