Nifty today: Banks and metal stocks lift Sensex higher: Key factors driving the market indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
How are the bluechips doing?
After opening in the green, benchmark indices maintained declined below the flatline. At 11.36 am, BSE flagship Sensex was down 92 points or 0.17 per cent to 52,833. NSE benchmark Nifty dropped 18 points or 0.12 per cent to 15,842.
In the 50-share pack Nifty,
ONGC was the biggest gainer, up 2.23 per cent. Cipla, Dr Reddy’s Labs, Grasim Industries, Divi’s Labs, NTPC, Asian Paints and SBI were among other gainers.
HDFC Life Insurance was the top loser in the pack, down 2.12 per cent. JSW Steel, TCS, L&T, Coal India, Titan Company, IndianOil, Bharti Airtel, Maruti Suzuki and UltraTech Cement were other losers in the pack.
Private banks boost benchmarks ahead of F&O expiry: Key factors driving the market
SECTIONS
Share
Synopsis
Analysts expect volatility as the monthly futures and options (F&O) contracts are set to expire later in the day.
Gains in private sector banks pushed the benchmark indices higher.
Related
NEW DELHI: Private bank stocks continued to see buying after the Finance Ministry lifted an embargo on the allotment of government business to them, which pushed benchmark indices higher on Thursday.
Positive global cues also supported the buying. However, analysts expect volatility as the monthly futures and options (F&O) contracts are set to expire later in the day.
What is leading the extended rally in Sensex? Key factors
SECTIONS
Share
Synopsis
The S&P BSE Sensex index had lost over 3,500 points in the six sessions before the Budget.
Analysts expect the market to move higher.
NEW DELHI: Buying triggered by favourable budget continued on Monday on Dalal Street as benchmark indices regained all losses sustained before Budget in just two sessions, reflecting massive short-covering by bears.
Sensex had lost over 3,500 points in the six sessions before the Budget, but the massive rally on the Budget day, followed by extended gains on the next day lifted the 30-scrip index to the same level. Analysts expect the market to move higher.