The gap between the performance of large cap companies and the rest of the companies in the domestic stock market is expected to continue amid weak earnings, highlighted a report by SBI Mutual Fund.
Indian stock markets opened in heavy selling mode on Tuesday after fresh remarks by US President Donald Trump indicating an additional 25 per cent tariff on rice imports into the United States.
Indian stock benchmarks sharply tilted downwards on Monday, starting the fresh week on a dampening note, with all sectoral indices in the red, due to a host of factors, both local and global.
The flat movement has returned to the Indian stock markets after a positive rally witnessed last weekend, with domestic indices opening slightly lower on Monday.
At the close of trading today, the BSE Sensex ended at 85,712.37, up 447.05 points or 0.52 per cent, while the NSE Nifty50 stood at 26,186.45, up 152.7 points or 0.59 per cent. Broader markets were mixed, with the Nifty Midcap100 up 0.5 per cent while the Smallcap100 index slipped 0.6 per ce
The domestic benchmark indices opened flat on Thursday as bulls and bears attempted to pull the markets towards their sides amid external pressure, even as domestic indicators offered support.
The domestic stock markets entered a consolidation phase in early trade on Friday, a day after both benchmark indices touched fresh all-time highs, as traders booked profits at higher levels.