In addition, the sentiments were lifted as the Indian currency strengthened by over 30 paise on Friday to trade at 69.85 per dollar, against the previous close of 70.19 per dollar.
The gains by the domestic currency impacted export-oriented sectors as IT stocks declined by 1.15 per cent and the Teck sectors lost 0.58 per cent.
Index pivotals finance and banking stocks held firm.
"Asian stocks including India have sold off a bit in the last month and hence the incremental effect of fresh negative news is limited. Despite global peers falling, Indian markets have risen today as we are awaiting fresh local cues and FII fund flow behavior," Deepak Jasani of HDFC Securities said.
The S&P BSE Sensex settled 181.39 points or 0.51 per cent higher at 35,695.10 after touching an intra-day high of 35,744.20 and a low of 35,382.08.
The NSE Nifty50 closed at 55.10 points or 0.52 per cent down at 10,727.35.
Earlier, Chinese factory data, along with India's, suggested a global growth slowdown, which was further magnified after a weak US factory data outcome on Thursday.
The latest addition to the worries was tech major Apple's announcement of cutting its financial forecast, partly blaming US trade tensions with China along with a slowdown in the Chinese economy.
Apple is one of the world's largest companies by market value and it was the first time years that it sharply cut its growth forecast.
Stock-wise, Bharti Airtel and Yes Bank gained over 3 per cent, the most on the Sensex. Other top gainers were Vedanta, Tata Motors, Tata Motors (DVR) and inched up in the range fo 2 to 3 per cent.
In contrast, HCL lost the most, 1.55 per cent, followed by TCS declining 1.19 per cent while Infosys lost over 1 per cent. IndusInd Bank and Hero MotoCorp shed up to 1 per cent.
The Sensitive Index (Sensex) of the BSE, which had closed at 35,716.95 points on Wednesday, opened higher at 35,997.29 points.
Minutes into trading, it was quoting at 35,961.22 points, up by 244.27 points, or 0.68 per cent.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,728.85 points on Wednesday, was quoting at 10,795.70 points, up by 66.85 points or 0.62 per cent.
India's benchmark indices on Wednesday, had gained on the back of healthy buying in IT stocks.
The sentiment was also boosted by an appreciating rupee and healthy foreign fund inflows.
The Sensex was up by 203.81 points or 0.57 per cent at Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,822.16 points and a low of 35,605.34 points. The Nifty, too was up by 43.25 points or 0.40 per cent.
On Thursday, Asian indices were mostly showing a positive trend. Japan's Nikkei 225 was quoting in green, up by 0.78 per cent while Hang Seng was down by 0.14 per cent, South Korea's Kospi was up by 0.67 per cent. China's Shanghai Composite index was trading in green, up by 0.14 per cent.
Overnight, Nasdaq closed in green, up by 2.86 per cent while FTSE 100 was down by 0.18 per cent at the closing on Wednesday.
The S&P BSE Sensex fell 300 points while the broader Nifty settled below the 10,700-mark.
"With regard to the RBI board meeting, the market drew relief from the fact that the stand-off between the government did not escalate. However, it was more or less a status quo, damping sentiments," said Astha Jain, a senior analyst at Hem Securities.
All the 19 sectors on the BSE came under heavy selling pressure. The metal counters fell over 2 per cent, while healthcare, IT and TECK (technology, entertainment and media) declined over 1 per cent each.
The Sensex settled down 300.37 points or 0.84 per cent at 35,474.51, from its previous close of 35,774.88.
The Nifty50 lost 107.20 points or 1 per cent to finish at 10,656.20.
The Indian rupee jumped for a second day in a row against the dollar. It was last traded at 71.45 per dollar, 19 paise higher from the previous close of 71.64.
The benchmark Brent Crude prices also eased to $66.36 per barrel.
According to analysts, the rupee's recovery was in line with the gains across the emerging-market currencies, which likely bottomed out on November 13.
"Some investors were betting that the rate-hike cycle by the US Federal Reserve was petering out and hence the main reason for the weakening of the emerging market currencies may no longer be valid," said Deepak Jasani, Retail Research Head, HDFC Securities.
In addition, heavy selling pressure was witnessed in banking, auto and consumer durable stocks.
The Indian rupee opened on a weaker note at 72.88 per US dollar from its previous close against a greenback.
Index-wise, the S&P BSE Sensex opened at 35,118.62 from its previous close of 35,011.65 last Friday.
Around 9.30 a.m., it traded at 34,928.18 down by 83.47 or 0.24 per cent.
Similarly, the NSE Nifty50 of the National Stock Exchange (NSE) traded in the red.
The NSE Nifty50 traded at 10,519.50 points during the morning trade session, down 33.5 points or 0.32 per cent.
Heavy selling pressure was witnessed in finance, banking and metal counters.
The Sensex of the BSE opened at 33,776.80 from its previous close at 33,690.09 on Wednesday.
At 9.20 a.m., the Sensex traded at 33,553.39 down by 136.70 points or 0.41 per cent.
The Nifty of the National Stock Exchange (NSE) opened at 10,122.35 after closing at 10,124.90.
The Nifty traded at 10,072 during the morning trade session, down 52.90 points or 0.52 per cent.
Yes Bank lost over six per cent on Friday after the private lender reported a decline of 3.7 per cent in its net profit for the quarter ended September.
Accordingly, the S&P BSE Sensex touched a fresh high of 38,920.14 points.
Similarly, the NSE Nifty50 reached a new record high of 11,760.20 points.
Market observers credited the easing of global trade tensions and healthy buying in metal, auto and IT stocks as factors which pushed the key indices higher.
Around 1.10 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,746.15 points - higher by 54.20 points or 0.46 per cent -- from its previous close.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,814.76 points, traded at 38,907.35 points -- higher by 213.24 points or 0.55 per cent -- from its previous session's close of 38,694.11 points.
Sensex touched a low of 38,760.58 points during the intra-day trade.
Heavy buying activity was witnessed in capital goods, metal and oil and gas stocks, analysts said.
Earlier in the day, both the indices -- BSE Sensex and the NSE Nifty50 -- touched their all-time intra-day high levels of 38,340.69 points and 11,565.30 points respectively.
At 3.30 p.m., the wider Nifty50 of the National Stock Exchange provisionally ended at a fresh closing high of 11,551.75 points, up 81 points or 0.71 per cent from its previous close.
The benchmark S&P BSE Sensex which had opened at 38,075.07 points, closed at 38,278.75, points, higher by 330.87 points or 0.87 per cent from its previous close. It touched an intra-day low of 38,050.69 points.
Sector-wise, the S&P BSE Capital Goods index gained 668.41 points, the metal index rose by 332.36 points and the oil and gas was up 191.82 points by the end of the day's trade.
On the other hand, the IT index declined by 188.84 points, the consumer durable index fell 127.24 points and the Teck (technology, entertainment and media) stocks declined by 76.07 points.
The top gainers at the S&P BSE Sensex were Larsen and Toubro, Tata Motors (DVR), Tata Motors, ONGC, and Tata Steel. On the contrary the majors losers in the day were Infosys, Maruti Suzuki, ICICI Bank, Axis Bank and Hindustan Uniliver.
On Friday, the indices traded on a positive note with the Sensex closing at 37,947.88 points and the Nifty50 at 11,470.75 points.
Both the Sensex and Nifty50 hit their all-time highs of 37,801.78 points and 11,427.00 points respectively.
According to analysts, broadly positive global cues also supported the gains.
At 9.33 a.m. the wider Nifty50 on the National Stock Exchange traded 11,421.00 points, higher by 60.20 points or 0.53 per cent from its previous close.
The BSE Sensex which had opened at 37,714.70 points, traded at 37,789.52 points (9.35 a.m.) - higher by 233.36 points or 0.62 per cent -- from its previous close of 37,556.16 points. It touched an intra-day low of 37699.37 points so far.
The 30-share Sensex fell 79.13 points, or 0.22 per cent, to close at 35,158.55. The broader NSE Nifty lost 13.20 points, or 0.12 per cent, to end at 10,585.20.
According to analysts, market was range-bound due to weak global cues. Investors are also awaiting Consumer Price Index (CPI) data Monday, which is expected to come down slightly due to recent cut in fuel taxes and fall in oil prices.
Additionally, upcoming state elections will be a key trigger to monitor while fall in crude oil prices and bond yields along with appreciation in rupee will provide support to the market, they added.
In the Sensex pack, Bharti Airtel was the biggest loser, falling 2.45 per cent, after Moody's Investors Service placed the company's rating on review for downgrade following low levels of profitability and expectation of weak cash flow.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
On the other hand, Yes Bank was the top gainer on Sensex, rallying 5.49 per cent, followed by Asian Paints, Adani Ports, Sun Pharma, Hero MotoCorp, HUL and Maruti, rising up to 3.79 per cent.
Mid and small-cap shares outperformed larger peers as the BSE MidCap and SmallCap indices rose nearly 1 per cent each.
Shares of aviation companies gained due to softening of crude oil prices. InterGlobe Aviation and SpiceJet stocks rose up to 3 per cent.
Scrips of oil marketing companies like HPCL, BPCL and Oil India also rallied up to 4.70 per cent.
Brent crude oil futures breached the USD 70 per barrel mark and were trading 1.08 per cent lower at USD 69.90.
Elsewhere in Asia, Shanghai Composite ended 1.39 per cent lower, while Hang Seng Index fell 2.39 per cent and Japan's Nikkei closed 1.05 per cent down.
In Europe, DAX was down 0.49 per cent and STOXX50E rose 0.69 per cent.
The Sensex of the BSE opened at 36,138.83 points and touched a high of 36,230.99. The Sensex touched a low of 36,129.66 points.
On Tuesday, the Sensex closed at 35,973.71 points.
The Sensex is trading at 36,232.03 up by 258.32 points or 0.72 per cent.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 10,881.20 points after closing at 10,835.30 points.
The Nifty is trading at 10,893.60 points in the morning.
The 30-share index was trading 157.51 points, or 0.40 per cent, higher at 39,127.31.
In similar movement, the broader NSE Nifty rose 30.90 points, or 0.26 per cent, to 11,740.
In the previous session, the Sensex ended 382.87 points, or 0.97 per cent, lower at 38,969.80, and the Nifty plunged 119.15 points, or 1.01 per cent, to 11,709.10.
Top Sensex gainers in morning trade include Sun Pharma, Bharti Airtel, ICICI Bank, RIL, HDFC twins, Tata Motors, ONGC, Infosys, Maruti and Kotak Bank, rising up to 1.38 per cent.
On the other hand, Yes Bank, IndusInd Bank, ITC, HUL, Bajaj Finance and Tata Steel fell up to 2.84 per cent.
According to experts, investor sentiment turned positive this week after most exit polls forecast a win for Narendra Modi-led NDA. The results of the seven-phase polls will come out Thursday.
Continued foreign fund inflow too buoyed market mood here, traders said.
Foreign institutional investors bought equity worth Rs 1,185.44 crore on Tuesday, while domestic institutional investors sold shares to the tune of Rs 1,090.32 crore, provisional data available with stock exchanges showed.
Elsewhere in Asia, bourses in China, Japan and Korea were trading on a mixed note in their respective early sessions.
Benchmarks on Wall Street ended in the green on Tuesday.
On the currency front, the rupee appreciated 4 paise to 69.67 against the US dollar in opening trade Wednesday.
Brent crude, the global benchmark, was trading at 71.81 per barrel, lower by 0.51 per cent.
The ongoing trade concerns between the US and China weigh continues to weigh on the investor sentiments globally, analysts said.
At 9.20 a.m., the BSE Sensex traded at 39,467.30, higher by 32.58 points or 0.08 per cent from the previous close of 39,434.72 points.
It had opened at 39,536.23 and so far touched an intra-day high of 39,538 and a low of 39,353.16 points.
The Nifty50 on the National Stock Exchange traded at 11,838.15, lower by 5.95 points or 0.05 per cent from the previous close of 11,844.10 points.
The stocks turned to red after they traded near the 52-week high levels on Tuesday.
Around 2 p.m., the stocks of ICICI Bank on the NSE Nifty50 was at Rs 424.45, lower by Rs 9.85 or 2.27 per cent from the previous close of Rs 434.30 per share. Its 52-week high is Rs 439.20 recorded on Tuesday.
The shares of SBI were at Rs 348.45, lower by Rs 11.60 or 3.22 per cent. On Tuesday it settled at Rs 360.05 per share. Its 52-week high is Rs 364, touched on May 23.
The shares of HDFC Bank, however, rose by Rs 7.80 or 0.32 per cent to Rs 2,424 per share during the afternoon trade.
However, the sentiments in the banking stocks are likely to be positive in the near term, analysts said.
Kotak Securities in a recent report said that among the banks, ICICI Bank and SBI were attractive in the large cap segmentand the Federal Bank in the mid or small segment.
At 9.35 a.m., the Sensex traded at 39,878.35, higher by 164.15 points or 0.41 per cent higher from the previous close of 39,714.20 points.
It had opened at 39,806.86 and has so far touched an intra-day high of 39,920.93 and a low of 39,711.02 points.
The Nifty50 on the National Stock Exchange traded at 11,963.10, higher by 40.30 points or 0.34 per cent from the previous close of 11,922.80 points.
The gains, however, were capped by a fall in the growth rate of the country's GDP, analyst said.
Data released by the Central Statistics Office on Friday showed that India's GDP grew by 5.8 per cent in the fourth quarter of FY 2018-19 against 6.6 per cent growth in the preceding quarter and 8.1 per cent during the corresponding quarter of FY 2017-18.
At 9.33 a.m., the BSE Sensex traded at 39,790.50, higher by just 5.98 points or 0.02 per cent from the previous close of 39,784.52.
It had opened over 100 points higher at 39,900.45 points and has so far touched an intra-day high of 39,926.82 and a low of 39,778.15 points.
The Nifty50 on the National Stock Exchange traded at 11,914.40, lower by 8.30 points or 0.07 per cent from the previous close of 11,922.70 points.
It had opened at 11,959.85 points.
At 9.38 a.m., the Sensex traded at 39,602.13, lower by 139.23 points or 0.35 per cent from the previous close of 39,741.36 points.
It has so far touched an intra-day low of 39,799.90 points and a low of 39,583.26 points.
The Nifty50 on the National Stock Exchange traded at 11,866.10, lower by 47.95 points or 0.40 per cent from the previous close of 11,914.05 points.
The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.
Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.
While, Yes Bank, HCL Tech, Sun Pharma, Infosys, ITC, Vedanta and PowerGrid were among the gainers, rising up to 6 per cent.
In the previous session, the 30-share gauge finished 394.67 points, or 0.99 per cent, lower at 39,513.39, and the Nifty sank 135.60 points or 1.14 per cent, to 11,811.15, after the Union Budget proposal to raise public shareholding threshold fanned fears of oversupply of new papers in an already overbought market.
On a net basis, foreign institutional investors sold equities worth Rs 89.38 crore, while domestic institutional investors purchased shares to the tune of Rs 275.63 crore, provisional data available with stock exchanges showed Friday.
Besides overhang from the Union Budget, domestic equities extended losses tracking a major selloff in global equities, traders said.
Other Asian markets opened significantly lower as hopes of steep cuts in interest rates by the US Federal Reserve faded after the world's largest economy posted better-than-expected jobs data Friday.
Shanghai Composite Index plunged 2.46 per cent, Hang Seng 1.64 per cent, Nikkei 0.99 per cent and Kospi tumbled 1.85 per cent in their respective early sessions.
On the currency front, the Indian rupee depreciated 15 paise to 68.57 against the US dollar.
Meanwhile, the global oil benchmark Brent crude futures were trading 0.06 per cent higher at 64.27 per barrel.
This is the third straight session of loss after the Union Budget was proposed on Friday.
The proposal to increase minimum public shareholding of listed companies to 35 per cent, tax on buybacks, and especially the surcharge on foreign portfolio investors has not been received well by the investor community.
At 9.16 a.m., the Sensex was trading 209.24 points lower at 38,511.33. It opened at 38,754.47, from its Monday's close of 38,720.57, when the markets logged record fall and the Sensex ended 792 points lower.
The Nifty declined by 77.35 points or 0.67 per cent to 11,481.25.
Except for metal and pharma stocks all the sectoral indices were trading in the red.
Tata Consultancy Services, set to announce its quarterly result, later in the day, was trading 1.52 per cent lower during the early trade.
Equity markets were expecting some kind of fiscal stimulus from the budget but there has been a big disappointment," said Rusmik Oza, Head of Research, Kotak Securities.
The Sensex of the BSE opened at 38,701.99 points and touched a high of 38,854.85 points. The Sensex touched a low of 38,610.29 points.
On Tuesday the Sensex closed at 38,730.82 points.
The Sensex is trading at 38,753.39 points up by 22.57 points or 0.06 per cent.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,536.15 points after closing at 11,555.90 points.
The Nifty is trading at 11,560.05 points in the morning.
IIP data for May and CPI inflation for June will be released on Friday. Investors will also take cues from the trade data to be released by China later in the day.
At 9.39 a.m., the Sensex traded 39.91 points lower at 38,783.20 while the Nifty was down 4.60 points at 11,578.30.
Sensex opened at 38,941.10 from its previous close of 38,823.11.
Besides, investors on Friday will await the quarterly results of IT major Infosys.
Markets were in buoyant mood on Thursday as US Fed Chairman Jerome Powell gave his strongest indication yet that the Federal Reserve will slash interest rates at the July 30-31 meeting, said Deepak Jasani of HDFC Securities.
At 10.21 the benchmark Sensex traded 226.73 points lower at 38,670.73 after opening at 39,058.73. On Thursday it closed at 38,897.46.
The broader Nifty traded 83.70 points lower at 11,513.20.
Meanwhile Foreign Institutional Investors continued to be in sell mode, offloading Rs 1,404.86 crore worth of shares on Thursday.
Domestic Institutional Investors bought Rs 329.05 crore worth of shares on Thursday.
The Nifty50 on the National Stock Exchange was also down over 100 points, continuing the bearish trend after the government tweaked the tax on "super rich" adversely impacting the foreign portfolio investors.
At 9.52 a.m., the Sensex traded at 38,021.18 points, lower by 315.83 points or 0.82 per cent from the previous close of 38,337.01
It has so far touched an intra-day high 38,333.52 and a low 37,926.54 points.
The Nifty50 traded lower by 94 points or 0.82 per cent at 11,325.25 points.
Monday saw the Foreign Institutional Investors (FIIs) selling nearly Rs 2,000 crore worth of stocks, the highest single day selling this month.
On Tuesday later, FMGC major Hindustan Unilever, Larsen & Toubro, Zee Entertainment are scheduled to announce their corporate earnings.
At 9.48 a.m.,the Sensex fell 20.60 points lower at 38,010.53 from its Monday's close of 38,031.13.
The Nifty traded 7.30 points lower at 11,338.90
Globally, Deepak Jasani of HDFC Securities said that expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday.
Asian stocks, Jasani added opened modestly higher as investors braced for a busy week of US corporate earnings and potential developments in trade negotiations.
The Sensex of the BSE opened at 37,990.25 points and touched a high of 38,102.94 points, and a low of 37,939.77 points.
The Sensex is trading at 38,071.11 points up by 88.37 points or 0.23 per cent from its Tuesday's close at 37,982.74 points.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,322.45 points after closing at 11,331.05 points.
The Nifty is trading at 11,348.75 points in the morning.
The 30-share index was trading 33.48 points or 0.09 per cent higher at 37,916.27 in the morning trade; while the broader Nifty was slightly lower at 11,279.35, showing a marginal fall of 4.95 points or 0.04 per cent.
In the previous session, the 30-share index closed at 37,882.79, registering a gain of 51.81 points or 0.14 per cent, and the broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
In early trade, ICICI Bank, HCL Tech, TechM, TCS, Infosys, IndusInd Bank, Kotak Bank HUL and Axis Bank were among the top gainers, rising up to 2.77 per cent.
On the other hand, M&M, Tata Motors, SBI, Yes Bank, Tata Steel, Asian Paints, ITC, Maruti, HeroMotoCorp, and Bajaj Auto fell up to 3.84 per cent.
On a net basis, foreign institutional investors sold equities worth Rs 1,503.26 crore Friday, while domestic institutional investors purchased shares to the tune of Rs 1,917.52 crore, provisional data available with stock exchanges showed.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions.
However, equities on Wall Street ended on a positive note on Friday.
On the currency front, the rupee fell 4 paise to 68.93 against the US dollar in morning trade on Monday.
The global oil benchmark Brent crude futures were trading 0.32 per cent lower at 63.26 per barrel.
The 30-share index was trading 256.08 points, or 0.68 per cent, higher at 37,942.45. Similarly, the 50-share NSE Nifty rose 74.35 points, or 0.66 per cent, to 11,263.55.
In the previous session, the 30-share index fell 196.82 points, or 0.52 per cent, to close at 37,688.28, and the broader NSE Nifty declined 95.10 points, or 0.84 per cent, to settle at 11,189.20.
Tata Steel, ICICI Bank, Bharti Airtel, M&M, Vedanta Ltd, Sun Pharma, Bajaj Finance, Tata Motors, Axis Bank and Maruti were among the other top gainers, rallying up to 1.54 per cent.
While, HUL, ITC, NTPC, Kotak Bank, and Hero MotoCorp were the biggest losers, shedding up to 0.66 per cent.
The resumption of trade talks between the US and China on Tuesday will be the first round of negotiations since May this year. However, investors are sceptical over the positive outcome of the meeting between the two strongest economies.
Global investor sentiment was positive, but the gains were capped as investors were cautious ahead of crucial talks between American and Chinese officials.
Market is also awaiting the outcome of the US Federal Reserve's meeting scheduled for Wednesday this week.
Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 704.42 crore on Monday, as per provisional data.
Elsewhere in Asia, while Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading on a positive note in their respective early sessions.
The US markets too ended in positive terrain on Monday.
Meanwhile, the rupee declined by 3 paise to 68.78 against the US dollar in early trade.
The global crude benchmark, Brent Oil, was trading 0.42 per cent higher at USD 63.98 a barrel.
The Sensex of the BSE opened at 37,257.55 and touched a high of 37.275.62. The Sensex touched a low of 37,135.93.
CCD stocks hit lower circuit again for the second day in a row during early trade. It fell by 20 per cent to Rs 123.25 per share.
The Sensex is trading at 37,218.49 down by 177.75 points or 0.48 per cent from its Tuesday's close of 37,397.24.
On the other hand, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 11,034.05 after closing at 11,085.40. It is trading at 11,038.60 points.
Back home, broad based buying took place on hopes that a Covid-19 vaccine will be available in India soon. Besides, another key factor for the markets' rise was attributed to the healthy FII inflows worth more than Rs 50,000 crore in November so far.
Accordingly, both the major benchmark indices the -- S&P BSE Sensex and the NSE Nifty50 -- continued their gaining streak for the third straight day to touch their respective intra-day highs and made new closing highs in the process.
Consequently, NSE Nifty50 touched an all-time high of 13,048.75 points on Tuesday, and the BSE Sensex hit a record high of 44,499.62 points.
The NSE Nifty50 closed at 13,055.15, up 128.70 points or 1 per cent from its previous close. Similarly, the BSE Sensex closed on a high note of 44,523.02 points, up 445.87 points or 1.01 per cent from its previous close.
Among the sectors, banks emerged as the biggest gainers followed by financials, auto, realty, metals and pharma.
"The overall market mood is already bouyant from the progress made on the Covid-19 vaccine front and the prospects for a speedy global economic revival. Going ahead, the market momentum is likely to continue given the optimism over vaccine progress," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
"Investors would closely watch the transition of Joe Biden as the US President and developments over stimulus announcement from the new government. On the domestic side, the market would look for cues from the monthly F&O expiry and the rollover data, especially on FII position. Moreover, the expected MSCI inflow of more than $4 billion on Friday would keep the momentum positive," Khemka added.
According to Deepak Jasani, Head of Retail Research at HDFC Securities: "Asian shares were mostly higher and European stocks rose on Tuesday, buoyed by optimism that vaccines will end the coronavirus pandemic. Intra-day dips are being bought into. Advance decline ratio remains very positive. Stable and gradual move towards Nifty 13,200-13,250 continues on expected lines."
The top gainers on the Sensex on Tuesday were Axis Bank, Mahindra & Mahindra and Maruti Suzuki India, while the major losers were Bharti Airtel, HDFC and ONGC.
(With IANS Inputs)