Sensex news
Sideways moves seen till breakout
The Sensex was down 353 points top close at 38,585, while the Nifty ended at 11,584, down 87 points.
Market volatilty seen increasing
The sentiments were also hit by rise in global crude pricing dragging the oil stocks down.
Charts point to negative trend
Metals & IT Index gained while the Mid & Small Caps outperformed on account of relative value buying opportunities compared to large caps.
Market momentum remains volatile
Even players were expecting a 50 basis point rate cut.
Short-term trend of Nifty looks weak
The Sensex closed 180 points or 0.46 per cent at 38,877, while the Nifty settled 69 points, or 0.59 per cent at 11,643.
Profit booking at higher levels likely
The Sensex closed up 198 points higher at 38,871, after touching a record 39,115.57 in morning trade.
Stock market winds up FY19 with 17.3 per cent gain
Investors’ wealth swells by Rs 8.83 lakh crore as FPIs return.
Current momentum to continue
The major Sensex gainers were HCL Tech (3.84 per cent) , SBI (3.36 per cent) and YES Bank (2.71 per cent).
Market sees highest close in six months
The markets extended the rally on Friday but ended sharply off the day's highs as some profit-taking emerged in the fag end.
Reversal signals on index
Mixed trend was witnessed on the sectoral front wherein mostly ended on flat note.