In opening trades, Sensex rose 455 points or 0.94% at 48,896; while the broader market index Nifty 50 was trading at 14,486 gaining 161 points or 1.12
The market capitalisation of BSE-listed companies declined by Rs 7,00,591.47 crore to Rs 1,98,75,470.43 crore in two days
Shares of auto component maker Craftsman Automation made a tepid market debut and closed with a discount of 5% against its issue price of Rs 1,490
IOC, Maruti Suzuki, HUL, Bharti Airtel and Coal India were among the major losers on Nifty.
Hold the stock for the long term to reap the benefits of BS-IV to BS-VI transition, scrappage policy and electric vehicles introduction.
Market experts believe that the premium listing of 21% have made the valuations expensive for Laxmi Organics Industries and investors should look at b
Devang Shah of Angel Broking gives a 'buy' call for three stocks
On the BSE, Craftsman Automation opened at Rs 1,350, at a discount of 9.40%.
In opening trades, Sensex was trading at 48,862 down 318 points or -0.65%; while the broader market index Nifty lost 82 points or -0.56% at 14,467.
28 of 30 Sensex stocks ended in the red. M&M, SBI, Axis Bank, ICICI Bank & IndusInd Bank all lost over 3%.