The benchmark indices hit a roadblock after six-straight sessions of gains, amid weak global cues, as investors booked profits at higher levels among financials and index heavyweight shares.

The 30-share Sensex closed lower by 190 points at 26,846 and the 50-share Nifty dipped 48 points at 8,129.

Stock market benchmark BSE Sensex surged by over 371 points and the NSE Nifty regained the 8,000 mark in early trade today, extending rally for the fourth day on positive cues from other Asian markets.

Inflows from foreign investors and across-the-board buying by the investors also helped the market sentiments.

Nifty closed weekly in positive territory. It managed to hold lower end support levels as expected last week & sharply bounced back after RBI Policy. The correction turned out to be 3 waves declines. It made a low of 7691.20 levels on nifty & 25,287.33 levels on sensex. Broader market is out performing at current levels of market. Midcap, small cap & Bankex indices etc closed weekly in positive territory. It made a high of 26,430.62 levels on sensex & 8008.25 levels on nifty at the end of weekly trading session.

The benchmark BSE Sensex reclaimed the 26,000-mark by surging 265 points and the NSE Nifty was above the 7,900-level in early trade on Wednesday on continued buying by participants on a bigger-than-expected interest rate cut by RBI yesterday amid a rebound in global markets.

The 30-share index rose by 265.94 points, or 1.03 per cent, at 26,044.60 with all sectoral indices, led by metal, realty and banking, trading higher by up to 2.12 per cent.

Wiping off its initial losses, the benchmark BSE Sensex recovered by almost 87 points and the NSE Nifty regained the 7,800-level as rate-sensitive stocks rallied after the Reserve Bank cut interest rate by 0.5 per cent on Tuesday.

The 30-share index, which had lost over 308 points in the opening trade, rebounded by 86.54 points, or 0.33 per cent, to 25,703.38 at 1115 hrs.

MUMBAI: The benchmark BSE Sensex rose over 73 points at 25,936.89 in early trade on Monday as investors indulged in widening their positions on the first session of October series in the derivatives segment.

However, caution prevailed ahead of RBI policy review tomorrow and continued fund outflows by foreign investors amid weakness at other Asian markets as investors await US jobs data.

The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Thursday tracking SGX Nifty and mixed Asian cues. However, markets are likely to remain volatile throughout the day on account of F&O expiry.

At 8.29 am (IST), SGX Nifty was down 40.50 points, or 0.52 per cent, at 7,816.50.

Ajanta Pharmaceuticals will be included in the NSE’s Nifty Midcap 50 index, replacing Aditya Birla Nuvo from the next month.

The inclusion will take effect from October 19 this year, according to a release by India Index Services and Products Ltd (IISL), a subsidiary of NSE Strategic Investment Corporation.

The BSE Sensex and NSE Nifty gave up all the early gains in the second half of trading session on Tuesday and declined over 2 per cent tracking weak European markets and as sentiment turned cautious ahead of the expiry of monthly derivatives contracts later this week. Sensex closed 541.14 points down at 25,651.84 while Nifty lost 165.10 point at 7,812.

All sectoral indices on the Bombay Stock Exchange closed in red. The BSE Metal index declined the most — 4.24 per cent at 6,976.62, followed by BSE Capital Goods index (down 3.1 per cent), BSE Power index (down 3.09 per cent) and BSE Bankex (down 3.04 per cent).

The BSE Sensex and NSE Nifty gained around around 2.5 per cent last week supported by positive macro economic data and US Federal Reserve decision not to raise the interest rates. According to market experts, the outcome of events and data during the last few weeks have raised hopes among the participants for a rate cut in RBI’s September 29 monetary policy review, clearly reflected through the recovery in banking space. Besides, rotational buying in other sectors also aided index to sustain at the higher level.

The BSE Sensex and NSE Nifty advanced 608.70 points and 192.60 points to 26,218.91 and 7,981.90 on September 18 from 25,610.21 and 7,789.30 on September 11.

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