The 30-share Sensex fell 200 points to end at 57,991. Its broader peer, Nifty50, ended at 17,241, down 74 points.

Whether it is due to credit growth, cleaning up of balance sheets or government's privatisation plan, PSU bank stocks have been enjoying the attention on Dalal Street in recent weeks.

Amid a global correction instigated by the fear of monetary policy tightening, the Indian market has outperformed key global markets leading to concerns of overvaluation. Having hardly moved an inch on a year-to-date basis, is Nifty overvalued?

Among Sensex stocks, M&M fell 1.37 per cent to Rs 1,239.25. UltraTech Cement was down 1.29 per cent, SBI decreased 1.28 per cent and TCS plunged 1.28 per cent. Bajaj Finance, ITC, HCL Tech and Tech Mahindra also ended with losses.

Tata Steel was the top gainer from the 30-share pack, rising 2.27 per cent to Rs 103.45. L&T was up 2.10 per cent, HCL Tech rose 2.01 per cent and ICICI Bank surged 1.98 per cent. Infosys, Axis Bank, Sun Pharma and Wipro also ended with gains.

The 30-share Sensex surged 1,276 points to end above the 58,000 mark. Its broader peer, Nifty50, ended at 17,274, up 386 points. The indexes saw their sharpest one-day gain since Aug. 30.

The 30-share Sensex plunged 638.11 points to end at 56,788. Its broader peer, Nifty50, ended at 16,887, down 207 points.

IT stocks have been the worst performer in 2022 with the IT index down around 23% on a year-to-date basis. Following the weakness in rupee in the last few days, stocks of IT exporters have been in demand. But will this rally sustain?

After a seven-day losing streak, the benchmark equity indices took a breather on Friday following positive commentary from RBI Shaktikanta Das at the end of the Monetary Policy Committee meeting.

Asian Paints was the top loser from the 30-share pack, falling 4.55 per cent to Rs 3,408.75. Tech Mahindra was down 1.86 per cent, Titan declined 1.69 per cent and Kotak Mahindra Bank plunged 1.49 per cent. Bajaj Finance, TCS, Wipro, and Bajaj FInserv also ended with losses.