Equity trading tips: Sensex, Nifty end 1.3% higher; bank sparks, auto & infra up
HSBC downgrades Indian equities to underweight
Lupin Q4 net slips 1% at Rs 547 cr, revenue flat
Hindalco slips 3% on arm Novelis weak Q4 nos; analysts wary
CCEA gives go ahead for 5% divestment in NTPC, 10% in IOC
Monsoon failure a risk, GDP to average 7.5%: Moody's
The market swayed in indecision on Wednesday, slipping in and out of the green during large parts of the trading session, before the benchmark Sensex made up its mind to sweep past the 27000 levels, with closing gains of over 373 points.
The markets, smarting from the recent persistent batterings, rose more than 1 per cent on Wednesday in a volatile session, led by gains in financial stocks after soft inflation and industrial output data fuelled hopes of an interest rate cut by the RBI.
The BSE Sensex had surged over 400 points in early trade, but gave up entire gains and slipped in the red after global investment bank HSBC downgraded Indian equities to "underweight" from overweight earlier on earnings growth concerns.
Markets @ close
Sensex 27,251.10, up 373.62 points
Nifty 8,235.45, up 108.50 points
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