Money on the markets
A maturing market amid the mayhem
The Sensex seesawed in early trade today but managed to close 0.57 percent higher, tracking gains in Asian and European markets.
Reliance Industries, ICICI, L&T and Tata Steel led the benchmark. Tata Steel was also the top index gainer, closing 7.7 percent higher.
Among sectors, the BSE Realty Index led with gains of 5.4 percent, followed by the Banking Index which was up 2.6 percent. The BSE FMCG index was among the top loser.
The Sensex closed 4.9 percent higher on Friday to post its biggest rise in three months, as investor confidence was bolstered by a jump in other Asian markets following positive news from the United States.
The benchmark closed 412.86 points up at 8756.61, supported by index heavyweights Reliance Industries (up 6.6percent), ICICI Bank (up 8.6 percent) and Infosys (up 5.6 percent).
The Sensex closed nearly 2 percent down on Monday as worries over the world economy hit investor sentiments.
The benchmark closed at 8160.4, dragged down by index heavyweights Reliance Industries (down 1.4 percent), ITC (down 4 percent) and Hindustan Unilever (down 3.3 percent).
The budget disappointment continued to weigh on investor sentiments, sending the Sensex down 2.9 percent to close a little above the 9,000 mark. Indian markets also took cues from the weakness in global bourses.
Index heavyweights dragged the benchmark lower, with top listed firm Reliance Industries slipping nearly 4 percent. ICICI Bank ended down 5.6 percent, while Infosys was lower by 3.5 percent in trade.