HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Benchmark indices finished higher on hopes of economic reforms
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Sensex closed the day 416 points higher.
'In any business you have to achieve short-term goals.' 'But at the same time you have to keep your broader perspective long term.' 'It is good for business survival.'
'...and defensive until the global macro headwinds turn more benign.'
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Sensex lacklustre, bluechips in focus.
India and South Africa on Friday agreed to deepen engagement in key areas of defence production, manufacturing, mining and minerals and combating terrorism.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
The BRICS summit made clear that China's support for Pakistan is unwavering. China will continue to pressure India to ease tensions with Pakistan and resolve the Kashmir dispute.
He, however, acknowledged that Russia and some other countries were behind the hacking of Democratic Party computers.
Globally, the SME business is among the fifth and sixth positions for Adobe.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
Markets end higher ahead of Fed outcome, China stimulus
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
Dr Ashwani Mahajan, all India co-convenor of the Swadesh Jaagran Manch and an associate professor at the Delhi University, discusses the state of the Indian economy in an interview with Rediff.com's Shobha Warrier.
Sheela Bhatt, who is travelling with Prime Minister Manmohan Singh on his two-nation visit, analyses the outcome of crucial talks between the PM and his Chinese counterpart in Beijing.
'We have 200 million families. Parents have the responsibility to make their children righteous -- where there is righteousness in the heart, there is beauty in the character.' 'Only three people can give a good citizen before s/he turns 17. Father, mother, the spiritual environment and the primary school teacher.' President A P J Kalam on India becoming a developed country by 2020-2022, the heroes he admired; how 90 per cent of India's space programme is intended for the people and the individual's potential to become unique.
In the near term, the key driver will still be the government's fiscal spending.
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
After recognising its adverse health effects, the govt has now dismissed its own lab reports to conclude that the evidence against plastic is insufficient.
Short-term gains are always unpredictable.
Taking a dig at UPA government's ambitious food security programme, Gujarat Chief Minister Narendra Modi has said that the Centre was under the impression that merely bringing in the Bill would lead to food reaching the needy.
Common people expect the government to be aggressive and opt for growth related measures in the upcoming Budget.
