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Market rebounds sharply as banking and financials rally

Sensex Rallies 848 Points; Financial Stocks Sparkle IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. PTI 17 May 2021, Last Updated at 4:20 pm Representational Image outlookindia.com 2021-05-17T16:20:12+05:30 Equity benchmark Sensex zoomed over 848 points on Monday, driven by strong buying in banking shares amid a reduction in daily domestic COVID-19 case...

The BSE benchmark index zoomed 848.18 points or 1.74 per cent to close at 49,580.73. Following the market capitalisation of the BSE-listed companies at the close of trade jumped Rs 3,03,725.89 crore to Rs 2,13,64,459.08 crore. "Domestic equities witnessed strong rebound today as robust Q4FY21 earnings and early sign of decline in the second wave of daily caseload bolstered investors confidence. A strong recovery in financials followed by auto and metals supported markets rally today," said B...

Source: Highlights The 30-share BSE index ended 848.18 points or 1.74 percent higher at 49,580.73, and the broader NSE Nifty soared 245.35 points or 1.67 percent to 14,923.15. IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 percent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv, and UltraTech Cement. On the other hand, L&T, Bharti Airtel, Nestle India, Sun Pharma, and PowerGrid were among the laggards. Equity benchmark Sensex zoomed over 848 points on Mo...

Sensex rallies 848 pts; financial stocks sparkle Updated: Updated: IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%. Share Article IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%. Equity benchmark Sensex zoomed over 848 points on Monday, driven by strong buying in banking shares amid a reduction in daily domestic COVID-19 caseload. The 30-share BSE index ended 848.18 points or 1.74% higher at 49,580.73, and the broader NSE Nifty soared 245.35 points o...

The 30-share BSE benchmark slumped 471.01 points or 0.96 per cent to finish at 48,690.80.

Sensex tanks over 450 pts in early trade; Nifty slips below 14,800 PTI Mumbai | Updated on Equities turn negative following weak global cues Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets. The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in initial deals. Similarly, the broader NSE Nifty slumped 145.80 points or 0.9...

Sensex tanks over 450 points in early trade; Nifty slips below 14,800 Updated: Updated: May 11, 2021 10:20 IST Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note in mid-session deals. Share Article A view of the Bombay Stock Exchange building in Mumbai. File   | Photo Credit: PTI Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note in mid-session deals. Equity benchmark Sensex tumbled over 450 points...

Sensex down 340 points, Nifty ends below 14,900 After extending gains for four consecutive sessions, benchmark indices closed in the red on Tuesday due to weak global cues. Markets, after opening on a negative note, extended losses through the day dragged by financials, metal and IT. The BSE Sensex closed at 49,161.81, down 340.60 points or 0.69 per cent. It hit an intraday high of 49,304.47 and a low of 48,988.18. The Nifty 50 index closed at 14,850.75, down 91.60 points or 0.61 per cent. It...

Highlights Nifty finished at 14,850.75. Kotak Bank was the top loser. Mumbai: Snapping its four-session rising streak, equity benchmark Sensex tumbled 341 points on Tuesday, led by losses in index-heavyweights HDFC twins, Kotak Bank and TCS amid negative cues from global markets. The 30-share BSE index ended 340.60 points or 0.69 per cent lower at 49,161.81. Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to 14,850.75. Kotak Bank was the top loser in the Sensex pack, shed...