Sentiment took a hit after the country's trade deficit soared to a near five-year high of $18 billion in July.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
The NSE 50-share after moving between 10,309.85 and 10,261.50 on alternate bouts of selling and buying, finished at 10,298.75, with paltry gains of 15.15 points, or 0.15 per cent.
State Bank of India was the top gainer, as it climbed 4.46 per cent after it slashed interest rate on savings account deposits by 50 bps to 3.5 per cent on balance of up to Rs 1 crore.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Investors turned cautious after India's trade deficit widened to a more than three-and-a-half-year high of $16.6 billion due to costlier crude oil imports
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
In the Sensex pack, Bharti Airtel was the top performer, surging 4.61%. Other gainers included ICICI Bank, IndusInd Bank, L&T, Sun Pharma, RIL, HDFC duo, Tata Motors and M&M -- climbing up to 3.69%.
Strong month-end demand for the US currency mainly from oil importers along with currency futures expiry related purchases predominantly weighed heavily on the forex market and haunted investor sentiment.
IndusInd Bank was the biggest gainer in the Sensex pack, rallying 5.23 per cent, followed by Hero MotoCorp, Coal India, Yes Bank, PowerGrid, ICICI Bank, HCL Tech, L&T, Kotak Bank and Bharti Airtel, rising up to 1.56 per cent.
Brokers have asked for a longer session on poll result day and an additional one on May 17
The government needs to take positive action to reaffirm that story.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
In a major clampdown for non-compliance of Listing Agreement, top exchanges BSE and NSE announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next month.
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.
Prayers were offered and sweets distributed though people mostly took the virtual route to extend wishes. People also visited temples, observing social distancing norms.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Keep your mobile number and e-mail updated. When you receive the weekly report on cash holdings, check to ensure there is no discrepancy between the amount you have kept with the broker and what the latter has reported, advises Sanjay Kumar Singh.
At Rs 18,400 per share, value up 100 times since Lehman crisis
The liquidity crisis at Dewan Housing Finance Corporation Limited (DHFL) has dented the fortunes of ace investor Rakesh Jhunjhunwala, who increased his stake in the troubled company in the March 2019 quarter (Q4FY19).
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
Weakness in the rupee against the US dollar also weighed on domestic stocks. The local unit fell 11 paise to 70.60 against the US dollar intra-day.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Only a seasoned investor, who is clued on and has the resources to hold on or pay back the broker, should take such chances.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore.
It is too early to say if we have seen the "final" bottom to these stocks in August 2013 or if another attempt to test them will be made before or just after elections, says Sonali Ranade.
The government is selling over 18.62 crore shares or 3 per cent in Coal India at a floor price of Rs 266 apiece.
Overseas investors were one of the heavy buyers.
The initial public offer (IPO) of EdServ Softsystems of Rs 20 crore (Rs 200 million) managed to sail through even while the Rs 44 crore (Rs 440 million) IPO of Gemini Engi-Fab had to be withdrawn last week due to lack of investor interest.
And why markets could give up 25 per cent of all these gains made since March 2020
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
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