Banks topped the buying list with the Bank Nifty rising 2.4 percent to end at record closing high of 20,555.25 on hopes of rate cut next week, when the RBI announced its monetary policy.
Bank Nifty ended with a gain of over 2 percent led by Axis Bank and ICICI Bank (up 4-5 percent each). Other gainers in the Sensex were Cipla, Tata Motors and ITC. Among the losers were Dr Reddy's Lab, Infosys, MM, Coal India and HUL.
Cipla, ICICI Bank, Axis Bank, Tata Motors and Maruti Suzuki are top gainers in the Sensex. Among the losers are Dr Reddy's Labs, Coal India, Infosys, MM and Hindalco.
The market remained volatile after showing more than 1900-point gain on the Sensex in past seven consecutive sessions. However, the broader markets marginally outperformed frontline indices.
The likes of BHEL, LT, Pipavav Defense and Walchandnagar gain on optimism of US India breaking a 6-year log jam over the civil nuclear deal and separately deepen defense ties.
Maruti Suzuki rose over a percent ahead of third quarter earnings today. A CNBC-TV18 poll expects the car maker's profit to jump 29 percent year-on-year to Rs 875 crore and revenue to increase 13.4 percent to Rs 12,352 crore from Rs 10,893.8 crore year-on-year.
BHEL, Cipla, Axis Bank, Tata Motors, Tata Power and ICICI Bank were top gainers in early trade, up 1-2 percent. Maruti Suzuki climbed 0.87 percent ahead of Q3 earnings
The 3.8-4.1 percent run-up in benchmark indices beat broader marketsâ performance majorly. For the week, CNX small-cap and mid-cap indices rose 0.5-1.3 percent higher.
The market staged spectacular performance on last day of the week (Friday), rallying nearly a percent on the Sensex boosted by European Central Bankâs stimulus package. However, the broader markets underperformed frontline indices.
The market rallied for the seventh consecutive session on Friday, spiking nearly 2000 points on the Sensex (in seven days). The Sensex today gained 272.82 points or 0.94 percent at 29278.84 and the Nifty jumped 60.15 points or 0.69 percent to 8821.55 on ECB stimulus.
The market rallied for the seventh consecutive trading session today aided by ECB stimulus announced yesterday evening. The Sensex surged more than 2000 points in seven days.
Bharti Airtel topped the buying list on Sensex, up 4 percent followed by HDFC Bank, LT, Tata Motors, HDFC, MM, HUL and Sesa Sterlite with 1-3 percent upside. GAIL and BHEL dropped 1-2 percent. TCS, Infosys and Coal India fell 0.3-0.7 percent.
The market continued to defy gravity extending their gains for the seventh consecutive session. However, now that came off the day's high. Gains fueled by the Bank nifty which traded above 20,000.
The market remained strong, though there is some profit booking at higher levels while the broader markets underperformed benchmarks. Banking financials and auto stocks led the market higher.
The market gained more than a percent in early trade on Friday following stimulus package announced by European Central Bank yesterday evening.
CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
Macquarie also maintains outperform rating on the stock with a target price of Rs 650 while Axis is also one of its top marquee ideas in the regional space.
Investors offloaded some more shares of Hitachi Home Life Solutions on Tuesday after the Johnson Controls JV announced open offer price for 25.75 percent equity shareholding. The stock fell as much as 14.5 percent intraday.
Chairman Rashesh Shah attributed the good set of numbers to the diversification of businesses, asset classes, markets, client segments and geographies, which helped the company de-risk its business model, moderate volatility and improve business sustainability.
Max India may be split into three divisions -insurance, healthcare and specialty films.
The state-owned aerospace and defence company beat street expectations on every parameter with the profit growing 41.8 percent year-on-year to Rs 272 crore and revenues rising 33.9 percent to Rs 1,608 crore in the quarter gone by. Revenue growth was led by radar systems and exports business.
On January 23, 2015 Norges Bank on Account of Government Pension Fund Global bought 1,300,000 shares of INOX Leisure at Rs 181.47 on the NSE.
On January 23, 2015 New Vernon Pvt EQ LTD FDI AC sold 392,000 shares of Indian Terrain at Rs 545.27 on the BSE.
On January 23, 2015 Morgan Stanley Asia Singapore PTE bought 2,714,982 shares of Indiabulls Real Estate at Rs 73.00 on the NSE.
On January 23, 2015 Anil Kumar Airen bought 1,366,666 shares of Electrotherm (India) at Rs 22.90 on the BSE.
On January 23, 2015 Hypnos Fund Limited sold 125,000 shares of Dolphin Offshore at Rs 155.00 on the BSE.
On January 23, 2015 Swiss Finance Corporation (Mauritius) Limited sold 290,000 shares of Aban Offshore at Rs 475.41 on the NSE.
Investors offloaded a huge chunk of shares of Ipca Laboratories on Friday. The stock fell nearly 9 percent intraday. The pharmaceutical firm received import alert from US Food and Drug Administration for its Ratlam unit due to violations of standard production practices.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have SPARC, Dish TV, HCL Info, Tata Metaliks, Havells, Polaris, Ipca Labs, Tata Coffee, Zuari Agro, Suzlon Energy.
Shares of Entertainment Network India climbed 4.8 percent intraday Friday after the government decided to conduct e-auction of 135 channels of private FM radio in 69 existing cities in 1st phase.