Sensex, Nifty rebound even as FIIs build-up short positions; banks lead gains
The gains in Nifty were led by financial services and telecom stocks. Meanwhile, IT and oil and gas stocks declined.
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The gains in Nifty were led by financial services and telecom stocks. Meanwhile, IT and oil and gas stocks declined.
The broader market saw selling pressure, with the BSE Midcap and BSE Smallcap indices falling 0.6 percent and 0.3 percent, respectively.
China is the largest consumer of metals in the world, and the market is betting that a reduction in interest rates will spur economic activity in the nation, particularly in infrastructure and housing
The weekly expiration of futures and options contracts of the BSE Bankex index has been rescheduled for Saturday due to the closure of the domestic stock market on Monday. This adjustment may favour option sellers, say experts.
Domestic equities end in red on geopolitical concerns, mixed earnings, and rising US 10-year yield. Nifty 50 lost 260.90 points to settle at 19,281.75. The Sensex falls 825.74 points to close at 64,571.88.