Equity indices rebounded 1% on Wednesday, with the 30-share BSE Sensex surging 689 points to settle at 71,060 and the broader Nifty closing 215 points at 21,453. Stocks that were in focus included SBI Life, which rose 2.68%, Karnataka Bank, which fell 7.8%, and Tata Elxsi, whose shares declined 5.01%.
Taking Stock: Market gains 1% amid intraday recovery; mid, smallcap shine
Top gainers on the Nifty were Hindalco Industries, Dr Reddy#39;s Laboratories, Tata Steel, Power Grid Corporation and HCL Technologies, while losers included ICICI Bank, Axis Bank, Asian Paints, Adani Ports and HDFC Life.Taking Stock: Market gains 1% amid intraday recovery; mid, smallcap shine
Top gainers on the Nifty were Hindalco Industries, Dr Reddy#39;s Laboratories, Tata Steel, Power Grid Corporation and HCL Technologies, while losers included ICICI Bank, Axis Bank, Asian Paints, Adani Ports and HDFC Life.Sensex, Nifty rebound from day’s lows but near term worries persist
Some volatility was seen during the day as monthly and weekly futures and options (FO) contracts for Nifty were set to expire today. Quarterly earnings showdown of key companies also helped set the mood of the market.Asian stocks gain as potential China rescue package lifts mood
Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.
Q3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings
The other important results will be Ujjivan Small Finance Bank, Tech Mahindra, UCO Bank, TVS Motor Company, Tata Steel, Railtel, PNB Housing, Laurus Labs, Indian Overseas Bank, Indian Oil Corporation, DLF, DCB Bank, CONCOR, Ceat, Canara Bank, Bluedart, Bajaj Auto and Aarti Drugs.
Bitcoin down 20% from post-ETF highs
Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation.
Taking Stock: Market in freefall from day’s high; Nifty, Sensex down nearly 1.5% each
Biggest losers on the Nifty were IndusInd Bank, Coal India, ONGC, Adani Ports and SBI Life Insurance, while gainers were Cipla, Sun Pharma, Bharti Airtel, ICICI Bank and Hero MotoCorpNifty ends below 21,250: Earnings volatility, bank selloff among factors that pulled markets down
A sharp fall in index heavyweights such as HDFC Bank, RIL and ICICI Bank dragged the benchmarks off their opening highsGold holds steady as cenbanks’ policy verdicts loom
Gold prices were little changed on Tuesday, as traders cautioned to take position ahead of interest rate decisions from a number of central banks and a slew of economic data in the United States.