MUMBAI: The Sensex began the week on a promising note, snapping two-day losing streak. It gained over 350 points, led by gains in capital goods, oil & gas and power.

The next trigger for the market will be any positive surprise from the Reserve Bank of India at its policy meet tomorrow, say analysts. However, the central bank is likely to keep interest rates unchanged tomorrow, says ET poll.

Markets were trading near their day's lows after the first hour of trade weighed down by sell-off in Infosys after after B G Srinivas, President and Board member tendered his resignation from the company. This was the 10th high level exit from the company.

At 10:45AM, the 30-share Sensex was down 145 points at 24,411 and the 50-share Nifty was down 35 points at 7,294.

The BSE benchmark Sensex on Monday again retreated from the 25,000 mark due to profit-taking in several blue-chip stocks, after a sharp rally this month.

In an extremely volatile trading session, certain stocks, especially of capital goods and realty companies, fell as much as 30 per cent from their day’s highs, as investors judged recent gains excessive.

The benchmark BSE Sensex regained the 25,000 mark by soaring 344 points in opening trade on Monday on increased buying by foreign funds and retail investors ahead of swearing-in of Narendra Modi as the 15th Prime Minister of India.

Rising for the third straight session, the 30-share Sensex shot up by 344.19 points, or 1.39 per cent, to trade at 25,037.54 with all the sectoral indices, led by power, PSUs, capital goods, auto, realty and banking sectors, trading in positive zone and rising up to 2.13 per cent.

Benchmark equity indices advanced for the second consecutive session on Friday as better-than-expected results by State Bank of India (SBI), the country's largest lender, saw overseas funds participate in share purchases of banks and cyclical stocks after previous two straight sessions of profit booking.

Benchmark indices have extended the gains and are trading near day’s high led by capital goods, auto and metal shares.

At 12:30 PM, the 30-share Sensex was up 220 points 24,516 and the 50-share Nifty was up 62 points 7,315.

Adds Mohit Gaba, independent technical analyst & trader, “The bullish bias on the Nifty continues as long as it trades above 7190. The index is consolidating after such a steep up move. The range of the Nifty is 7190 – 7330”.

Mumbai: The 30-share bellwether BSE Sensex on Wednesday was trading marginally lower for the first time in five days led by losses in energy and pharma firms.

At 12pm, the Sensex was trading lower by 0.21%, or 50.14 points, at 24,326.74 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading down 0.21%, or 15 points, to 7,260.50 points.

The markets seem to have taken a pause as they seek to digest the stupendous gains witnessed in the past week till Monday. The Sensex is quoting at 24,402, higher by a modest 43 points and the Nifty is at 7,282, up 19 points. There is a lot of action in the broader market space for the second day in a row. The midcap index is at 8,206, higher by 115 points and the smallcap index is at 8,492, up 147 points.

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