Marketswithmc

CJ believes it is time to go contrarian on one of the most sought-after bank stocks on Dalal Street, but Santo believes that such a move would be ludicrous given the lender's performance. Watch as the duo lock horns over the prospects for ICICI Bank, and share their thoughts on JM Financial, LTIMindtree and SBI stocks.

Bajar Gupshup | Markets snap 6-day losing streak aided by rebound in FMCG & IT names

Sensex and Nifty finished a volatile session in the green, helped by a rebound in FMCG and IT shares. Losses in oil & gas and metal shares capped the upside. Broader indices hit one-year lows, as the Nifty Midcap 100 and Nifty Smallcap 100 indices fell 2.3 percent and 3.2 percent, respectively.

Bajar Gupshup | Nifty ends below 17,700; financial & IT shares weigh

The market remained sideward throughout the session as the benchmark Nifty failed to give a directional move. At close, Sensex was down 483 points, and Nifty was down 109 points. Among sectors, the power index rose 5 percent, the oil & gas index was up over 2 percent and the realty index added 1 percent, while IT and capital goods indices fell 1 percent each. BSE Midcap and smallcap indices were up 0.4 percent each.