Market Update: Markets see mixed performance amid global trends
The broader market depicted positivity, with the BSE SmallCap index rising by 0.51% and the BSE MidCap index by 0.41%.
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The broader market depicted positivity, with the BSE SmallCap index rising by 0.51% and the BSE MidCap index by 0.41%.
Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
Hemang Jani discusses the metal sector's potential for a 10-15% move, Vodafone FPO's impact on the telecom sector, and the positive outlook on real estate stocks like Macrotech and Oberoi amidst strong performance in the realty pack.
Axis Bank, SBI, NTPC, Nestle, Sun Pharma, JSW Steel, ITC, M&M among gainers
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore. Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44 on Thursday. During the day, it surged 718.31 points or 0.97 per cent to 74,571.25.