Author
The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.
The stock markets have been on a roll in 2021 touching record highs of 61,000 on the BSE and 18,000-plus on the Nifty. Festive season trading is expected to keep up with the upward trends
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The Sensex and Nifty fell drastically in the day's trade on Thursday as banking stocks and other index stocks contributed negatively in the fall. The broader markets also fell over a per cent each, while the Nifty Bank index was down 3%.
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Profit booking in the Banking and Metal stocks dragged the markets lower on Wednesday. However, the PSU Banking stocks surged in the day's trade.
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Advances in Metal, Auto, and Realty counters led the markets to end higher on Tuesday. The broader markets also surged in the day's session today after sessions of correction.
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The Indian equity markets managed to close higher after a long losing streak of four sessions. Advances in banking stocks supported the markets to end higher amid volatility on the table.
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The company plans to float its initial share sale during the upcoming festive season in the month of November, according to sources.
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The broader markets fell more in comparison with the headline indices in the intraday session. Shares of ITC continued to slide further, closing down by three per cent.
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Reliance Industries, IT stocks dragged the markets the most in the intraday session on Thursday.
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The Sensex and Nifty closed lower for the second consecutive session amid sell-off in Metal and Pharma stocks. The broader markets also continued to correct further in the intraday session on Wednesday.
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The BSE Sensex and Nifty ended in the red as profit booking across the board dragged the indices lower. However, the Sensex crossed 62,000 levels in the morning trade on Tuesday.
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