A late rally by banking and energy stocks on Friday helped a benchmark index close above the 17,000-point mark, up 1.41 percent, after languishing in the negative terrain for most of the day.
The Bombay Stock Exchange benchmark index Sensex lost nearly 118 points in opening trade today on increased capital inflows by funds and retail investors, triggered by weak global markets.
Both the precious metals, gold and silver retreated from its overnight record highs on the bullion in Mumbai today due to reduced off-take from stockists and retailers at higher levels.
The market on Thursday remained under pressure with the benchmark Sensex falling by 29 points on fresh profit selling amid mixed Asian cues.
US stocks posted modest losses on poor profit forecasts from technology firms and a surprising dip in home construction.
Led by a fresh surge in IT shares, the benchmark Sensex recovered early losses and traded in the green at 1015 hours today amid mixed Asian cues.
The Sensex, which commenced the day higher at 17,080.17 points, fell back to trade lower by 137.39 points at 16,895.12 at 1230 hrs.
You will now have the option of buying and selling mutual funds (MFs) through brokers at stock exchanges. The fee you could be in the region of 0.25 to 0.5 per cent of the amount invested, reports Falaknaaz Syed.
The Indian rupee depreciated by four paise at 46.69 against the US dollar in early trade largely on fears of fresh capital outflows by foreign funds as market may open lower on weak Asian cues.
The 30-share BSE Sensex rose by over 60 points to 16,756.67 points in early morning trade on emergence of buying by funds in fundamentally strong shares, specially consumer goods and banking, available at attractive low levels.
Mahindra Satyam saw 27.2 million shares, or about 2.31 per cent of its equity change hands, at Rs 114.90 a share on the BSE, stock exchange data showed on Friday. An official at construction firm Larsen & Toubro, who did not want to be named, said the company was the seller.
The country is reeling under the impact of steep 13. 68 per cent rise in a number of food items pummelled by a supply crunch in staple potatoes, reports HT Correspondent.
In volatile trading, the BSE benchmark Sensex today fell by over 153 points at 16,696 points on profit-selling sparked by rising food inflation amid weak global trends.
Industrial growth continued its upward march with factory production rising 9.1 per cent in September against 6 per cent in the same period last year.
After a smart rally on Thursday, the market turned bearish with the BSE benchmark Sensex slipping down 49 points in late morning trade today due to profit booking by investors amid mixed Asian trend.