State Bank of India, UltraTech Cement, Nestle, Wipro and Power Grid were among the major laggards.
Quarterly earnings, global events and Macro data to guide market this week; experts anticipate volatility
During the week ending Friday, the BSE Sensex gained more than 800 points to 58,388, and the Nifty 50 surged 239 points to 17,397.
The 30-share BSE benchmark fell 69.26 points to 58,067.10 in early trade. The broader NSE Nifty slipped 37.45 points to 17,308.
In a volatile session, the 30-share BSE benchmark ended 214.17 points or 0.37 per cent higher at 58,350.53.
Tightening of monetary policy in advanced economies and strength in the US dollar had triggered a consistent outflow of funds from Indian markets.
This is the fifth straight session when the two indices closed in green on the back of positive global cues, strong Q1 earnings and foreign fund inflows.
The 30-share BSE benchmark ended 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the red.
India’s equity market rallied for the fourth straight session on Monday with benchmark indices - Nifty and Sensex - gaining nearly 1% each.
The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and the broader NSE Nifty advanced 86.55 points to 17,244.80 in initial deals.
During the month of July, both the indices rallied close to 9%, its best monthly run in a long time.
Adding to it, a positive quarterly (Q1FY23) show by financial heavyweights and foreign investors turning net buyers in July has pushed the benchmarks - Nifty and Sensex- to a three-month high.
Foreign institutional investors became net buyers in the capital markets as they bought shares worth Rs 1,637.69 crore on Thursday, as per exchange data.
The negative US GDP numbers may play spoilsports on Indian market sentiment today. However, the US equity markets on Thursday recovered the early losses and remained flat during the day.
The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or 1.96 per cent to 56,914.22.
The 30-share BSE benchmark jumped 542.18 points to 56,358.50. The broader NSE Nifty advanced 147.45 points to 16,789.25.
The 30-share BSE benchmark jumped 547.83 points or 0.99 per cent to settle at 55,816.32. During the day, it climbed 584.6 points or 1 per cent to 55,853.09.
The 30-share BSE benchmark fell 282.85 points to 55,483.37. The broader NSE Nifty declined 88.8 points to 16,542.20.
The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. The broader NSE Nifty dipped 88.45 points or 0.53 per cent to 16,631.
The 30-share BSE benchmark fell 255.39 points to 55,816.84 in early trade. The broader NSE Nifty dipped 70.35 points to 16,649.10.
A key and practical lesson to learn from these data points is: the stock markets reward investors in the long-term. Timing the market is next to impossible.