NEW DELHI: After last week's carnage, the bulls seemed to have come out of the slumber on Dalal Street as the domestic equity market ended in the positive territory for the second session in a row on Wednesday.
Although investor sentiment turned bullish on the back of easing tensions between the US and North Korea and positive global cues, heavy selling on select bluechip counters such as pharma, auto and banking stocks capped gains.
Indian equity benchmarks declined for the first time in four sessions, led by slump in shares of Infosys Ltd. after Vishal Sikka resigned as chief executive officer of the country's second-largest software services exporter.
The S&P BSE Sensex has fallen nearly 1,000 points in just 9 trading session of August while the carnage was seen more in small and midcap space which fell 20-30 percent in a matter of days after hitting record highs last month.
Sectoral movers: Telecom stocks emerged the top sectoral losers on BSE with the S&P BSE Telecom index falling nearly 2 per cent to close the session at 1,445 with Bharti Airtel (down 2.40 per cent), Idea Cellular (down 2.11 per cent) and Bharti ...
The Bulls have maintained their grip on D-Street in the previous month as the S&P BSE Sensex rose a little over 5 percent in the month of July but with August setting in, will the trend tilt towards bears.