One of the obvious reasons, analysts say, to not get swayed by the highs and lows of market indices is because investors tend to react based on forward-looking events rather than past or current ones.
UltraTech Cement was the top gainer in the Sensex pack, rising over 2 per cent, followed by Asian Paints, HCL Tech, HDFC, Tech Mahindra and M&M.
The accused person was produced in a court here on Monday.
The major domestic events to watch out for would also be the release of macroeconomic numbers and IPO-run.
On the Sensex chart, IndusInd Bank, ICICI Bank, SBI, PowerGrid and HDFC Bank emerged as major laggards -- dropping as much as 3 per cent.
She noted that the government trusts its taxpayers and has adopted a distinctly agnostic approach by using technology in assessment and appeal cases.
Experts also say that the equity markets may witness volatility due to the monthly derivative expiries.
Dalal Street witnessed gut-churning fluctuations, with the BSE Sensex swinging between historic losses and eye-popping gains, sometimes in the same session, and confounded veterans and rookies alike.
Led by the rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 3,86,220.41 crore to Rs 1,54,11,395.90 crore on the BSE.
The BSE 30-share barometer dropped 366.52 points, or 0.96 per cent, to 37,724.12 driven by losses in index majors Axis Bank, SBI, Asian Paint, Tata Motors, HDFC and HDFC Bank.
Macroeconomic data announced during the week as well the news of the Prime Minister’s impending meeting on Saturday have been positive for the markets.
The regulator is concerned about any possible lapses in terms of disclosure and corporate governance norms by Jet Airways.
Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore.
Prominent gainers were Dr Reddy's, Wipro, Adani Ports, M&M, Bharti Airtel, Tata Motors, SBI, IndusInd Bank,ITC Ltd, Sun Pharma, L&T, TCS and Asian Paints, rising by up to 1.80 per cent.
The Sensex rallied about 180 points to 34,893.20 in early session today, maintaining its positive form for the second straight day as the May derivatives series took off on a strong footing.