Contained coronavirus infections and some broad indications of a rebound in economic activity boosted investor confidence on Monday with key equity indices trading at fresh lifetime highs. Besides, firm global cues led banking and financial stocks to garner handsome gains.
Key equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.
Equity benchmark indices dipped sharply on Wednesday with broad-based selling across the counters as investors turned cautious after some corporates reported lower-than-expected numbers. At the closing bell, the BSE SandP Sensex was down by 938 points or 1.94 per cent at 47,410 while the Nifty 50 lowered by 271 points or 1.91 per cent to 13,968. Except for Nifty FMCG, all other sectoral indices at the National Stock Exchange were in the red with Nifty private bank dipping by 3 per cent, PSU bank by 1.5 per cent, financial service by 2.7 per cent, pharma and auto by 2 per cent each. Among stocks, Tata Motors was the top loser after dipping 4.4 per cent to Rs 266.75 per share.
Mumbai: Markets continued their upward march for the fourth straight session today with the BSE Sensex galloping over 522 points to close at a new peak of 28,784.67 and the NSE Nifty breaching the 8,700-mark
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