Data showed that PSU banks, defence, shipping and power stocks were among the main drivers of the BSE PSU index. While sharing his views on these sectors, Khemka added that sharp improvement in the PSU banks' profitability and asset quality has led to rerating in them.
Sensex ended 456 pts higher at 60,571 and Nifty climbed 133 pts to end at 18,070 in the previous session.
Share Market Highlights: The 30-share BSE Sensex rose 105 points or 0.18 per cent to close at 59,793, while the broader NSE Nifty moved 35 points or 0.19 per cent higher to settle at 17,833. The domestic indices came off the day's high levels as losses in financial and consumer durables countered gains in IT and banking.
Stock Market Live: The 30-share BSE Sensex surged 659 points or 1.12 per cent to close at 59,688, while the broader NSE Nifty jumped 174 points or 0.99 per cent to settle at 17,799.
The benchmark BSE Sensex slipped 168 points or 0.28 per cent to close at 59,029, while the broader NSE Nifty fell 31 points or 0.18 per cent to finish at 17,624 amid high volatility.
Indian equity benchmarks on Tuesday finished lower in a volatile trade as losses in consumer goods and banking stock countered gains in metal and energy. The 30-share BSE Sensex fell 49 points or 0.08 per cent to close at 59,197; while the broader NSE Nifty moved 10 points or 0.06 per cent to settle at 17,656.
Indian equity benchmarks on Monday surged despite weak cues from the Asian markets, led by strong interest in banking and metal stocks. The 30-share BSE Sensex jumped 443 points or 0.75 per cent to close at 59,246; while the broader NSE Nifty moved 126 points or 0.72 per cent to settle at 17,666.
As many as 26 stocks in the Nifty index delivered a positive return to investors last week.
Foreign portfolio investors have bought stocks worth $4.6 billion in August; it is the highest quantum of buying since December 2020.
In June, Bank of America Securities lowered its end-2022 Nifty target to 14,500 from the earlier 16,000; target at the start of 2022 was 19,100.
Data available with Motilal Oswal Financial Services showed that the 50-share index traded at 18.4 times FY23E, below its 10-year average price-to-earnings (P/E) of 19.5 times. Here's what the brokerage house thinks could be a sound investment strategy.
Sensex declined 100.42 points to settle at 53,134.35 in the previous session. During the day, it jumped 631.16 points or 1.18 per cent to 53,865.93.
Sensex gained 326.84 points to end at 53,234 and Nifty closed 83.30 points higher at 15,835.35 in the previous session.
Reliance , PowerGrid, NTPC , and Bharti Airtel were the top Sensex losers, falling up to 7.14 per cent.
Sensex fell 150 points to 53,026 and Nifty lost 51 points to 15,799 in the previous session.
Sensex rose 433 points to 53161 and Nifty gained 132 points to 15,832 in the previous session.
Sensex rose 443 points to 52,265 and Nifty ended 143 points higher at 15,556.
Sensex fell 709 points to 51,822 and Nifty ended 225 points lower at 15,413
What to expect from markets today: Sensex declined 135.37 points or 0.26 per cent to settle at 51,360.42 and Nifty fell 67.10 points or 0.44 per cent to close at 15,293.50.
Market watchers believe that global growth concerns, ongoing selling by foreign institutional investors and inflationary pressure continued to dampen market sentiment.
Sensex fell 1,045 points to 51,495 and Nifty ended 331 points lower at 15,360 in the previous session.
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