BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Positive cues from Asian peers also uplifted the sentiment.
Any government aid to the airline will ultimately hurt the economy
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Since Modi sarkar came to power in May 2014, markets have been trading volatile.
Markets ended in green on rate cut hope.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
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