Banks helped the market recover in last couple of hours of trade while telecom, pharma, FMCG and index heavyweights like Reliance HDFC saw consistent selling pressure.
The market saw consolidation on Friday after a steep fall in previous session. The Sensex rose 1.06 points to 27458.64 while the Nifty fell 0.75 points to 8341.40.
The market has recovered a bit in the afternoon trade and the Nifty is trading above 8300 levels.
The market extended losses in afternoon trade with the Nifty breaching 8300 level, dragged by index heavyweights like Reliance Industries, HDFC and ITC.
The market gained marginally amid consolidation after yesterday's steep fall. The 30-share BSE Sensex rose 83.70 points to 27541.28 and the Nifty climbed 16.50 points to 8358.65.
The market trimmed its early gains with the Sensex rising 61.30 points to 27518.88. The Nifty managed to hold 8350, up 13.85 points at 8356.
The market kicked off April series on a positive note after a 188-point fall on the Nifty on last day of March series. The Sensex rose 120.25 points to 27577.83 and the Nifty climbed 30.05 points to 8372.20.
The market had hit a record high in the beginning of March series, but failed to sustain that momentum through the series. The Nifty and Sensex corrected 8.5 percent from their all-time highs of 9119.20 and 30024.74 hit on March 4.
The market crashed more than 2 percent on geopolitical tensions and March FO expiry. The Sensex plunged 654.25 points to close at 27457.58 and the Nifty fell 188.65 points to 8342.15.
The market remained under pressure ahead of expiry. Equity benchmarks fell more than 1 percent dragged by financials and pharma stocks while the BSE Midcap marginally outperformed key indices, down 0.5 percent.
The market extended losses in noon trade with the Sensex falling more than 350 points, dragged by banking financials and technology stocks. However, the broader markets saw less fall compared to benchmarks. The BSE Midcap and Smallcap indices declined 0.3-0.6 percent.
The market plunged on expiry day, infact extended losses into the seventh consecutive session. The rupee and bond markets too declined, reacting to the spike in brent crude prices.
The market remained under pressure ahead of expiry of March derivative contracts. Banking financials, healthcare and select technology stocks dragged.
The market opened sharply lower on Thursday with the Nifty breaking 8500 ahead of expiry of March derivative contracts. The Sensex lost 211.54 points to 27900.29 and the Nifty declined 55.85 points to 8474.95.
The market remained in a consolidation more on Wednesday ahead of expiry of derivative contracts of March series. The broader markets too were rangebound but lost ground in last hour of trade.
Telecom stocks saw big sell off on Friday as investors worried about the spectrum payout impact on the companies' balance sheets. Bharti Airtel, Idea Cellular and Reliance Communications plunged 6-8 percent intraday today while Tata Teleservices declined 2 percent.
CNBC-TV18âs Mangalam Maloo lists some of the key stocks which were buzzing in trade today.
Shares of Jindal Steel Power (JSPL) rallied 6.5 percent intraday Friday after the Delhi High Court said the cancellation of coal blocks bids and allotting those blocks to Coal India by the government was prima facie wrong.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - LT, RPG Life Sciences, Adhunik Metaliks, TCS and Infosys.
Shares of Larsen and Toubro (LT) gained more than 2 percent intraday Friday following order win by subsidiary and plans to list businesses over next three years.
Technology stocks saw buying interest on hopes of better earnings in the quarter ended March 2015 after unlisted rival Accenture raised its outlook for the current calendar year 2015. IT majors TCS and Infosys surged 2-4 percent intraday Friday.
Shares of Cadila Healthcare rallied 3.6 percent intraday Friday after the firm acquired 50 percent stake in one of its joint venture firm.
CNBC-TV18s Mangalam Maloo lists some of the key stocks which were buzzing in trade today.
GSPL rallied 9 percent intraday as brokerage house Citi feels the natural gas transmission company could be the biggest beneficiary from new gas policy given its high operating leverage and connectivity to the Hazira regas terminal which is still running at 50 percent of its around 5 MMTPA capacity.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - TVS Motors, United Bank of India, Bharti Airtel, Idea Cellular, Torrent Power and GSPL.
Investors lapped shares of United Bank of India on Thursday after the Reserve Bank of India relaxed restrictions on credit disbursements of the bank. The stock gained 9 percent intraday.
Shares of Bharti Airtel gained more than 2 percent intraday Thursday after the end of spectrum auction. Brokerage house CLSA retained its high conviction buy on the stock, saying with end of auction, the longstanding overhang will end and focus will return to Bhartiâs improving fundamentals and impending valuation rerating.
TVS Motor Company gained more than 3 percent intraday Thursday. Brokerage house Goldman Sachs reiterated its conviction list-buy with target price of Rs 345, implying 34 percent upside after Tamil Nadu government has withdrawn the input VAT credit reversal on inter-state sales of goods.
On March 25, 2015 Goldman Sachs India Fund Ltd bought 1,57,179 shares of Dynamatic Technologies at Rs 3,550 and HDFC Prudence Fund bought 1,30,000 shares at Rs 3,723.70.