Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
Top losers in the Sensex pack included TCS, Yes Bank, ITC, Sun Pharma, Reliance, Coal India, Asian Paints, SBI, Maruti, HUL, HCL Tech and ICICI Bank, falling up to 2.91 per cent.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
Shares of ICICI Bank, Axis Bank and HDFC Bank on Friday tumbled as much as 4.5 per cent in morning trade following accusations that the lenders have indulged in money laundering.
TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.
From the 30-share pack, 18 stocks ended with gains led by SBI, which surged 27.58 per cent, and ICICI Bank 14.69 per cent.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
Kotak Bank was the biggest loser in the Sensex pack, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.
Top losers include ONGC, SBI, PowerGrid, L&T, Yes Bank, Asian Paints, Bajaj Finance, Maruti and NTPC, falling up to 2.84 per cent. On the other hand, gainers include Tata Motors, TCS, HDFC, HCL Tech, Infosys, ITC, HDFC Bank and HUL, rising up to 2.18 per cent.
The Sensex dropped 207 points to end at 17,362. The Nifty ended down 68 points to 5,221.
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Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
Banking stocks have done very well in the September quarter. Against the Sensex's roughly 13 per cent rise, the BSE Bankex is up over 30 per cent since the end of June.
Monetary policy measures give temporary respite to rate-sensitive companies.
In the Sensex pack, Sun Pharma was the biggest gainer, rallying 4.48 per cent, followed by Bajaj Auto, Tata Motors, Coal India, Hero MotoCorp, Maruti and HCL Tech, rising up to 3.01 per cent. While, RIL, PowerGrid, HDFC, L&T, IndusInd Bank, NTPC and Bajaj Finance declined up to 1.50 per cent.
Most Asian stock markets steadied on Wednesday.
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The National Stock Exchange index, Nifty, also lost 57.05 points at 4,945.20. Marketmen said fears on interest rates going up mainly pulled down banking stocks while a robust rupee and Infosys lowering guidance for the whole year weighed against the IT stocks.
After a strong start to the week on Tuesday, the Sensex this morning opened 15 points higher at 16,868 amid subdued global cues.
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The Children's Investment Fund Management and its affiliates have emerged as the single-largest seller of Indian stocks among foreign institutional investors.
The NSE Nifty ended at 4375, up 144 points. The market breadth was fairly positive - out of 2,739 shares traded, 1,833 advanced and 825 declined.
The Nifty crossed the 5,000 mark after January 25 and touched a high of 5,5,029. The index finally ended at 5,017 - up 95 points.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
The NSE Nifty ended at 4,117, down 121 points. The breadth was negative, out of 2,810 shares traded, 1,452 declined, 1,326 advanced and 32 were unchanged on the BSE on Tuesday.
The NSE Nifty ended up 23 points, at 5,275.
The NSE Nifty ends at 3,684, up 59 points. The market breadth was positive, out of 2,616 shares traded,1,696 advanced and 828 declined.
The Nifty too reversed its trend, and ended with a gain of 33 points at 4,986, after a gap of three trading days. BSE market breadth was fairly positive. Out of 2,885 stocks traded, 1,693 advanced while 1,109 declined on the BSE.
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The NSE Nifty settled at 5,117, down 17 points. The market breadth was fairly negative, out of 2,912 shares traaded, 1,754 declined and 1,084 advanced so far on the BSE.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The NSE Nifty ended at 2771, down 78 points. The market breadth was fairly negative -- out of 2,503 stocks traded, 1,712 declined, 688 advanced and the rest are unchanged.
Even though stocks may remain volatile in the run-up to the polls, as political parties stitch up alliances, the long-term trajectory for the markets remains bullish.
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