Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
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Banking as we know it will stand on its head in the next 10 years.
It was unclear how bankers were deciding which jewellers to support
The market breadth, indicating the overall health of the market turned negative from positive
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
For the fortnight ended September 5, annual credit growth in the banking system fell to 9.68 per cent, data released by the Reserve Bank of India showed.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
'Which is the line for depositing money?' 'Which is the line for changing money?' 'Which is the line for withdrawing money?'
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
SBI comes second and Bharti Airtel is third
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
Bupa and Axa have already declared their intention to raise stakes.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
Asian shares ended higher after a string of positive US economic data.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
Watal panel had suggested an independent payments regulator be set up.
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Addressing a Ficci-organised banking summit in Mumbai, he at the same time said that it will take several years for the country's banks to achieve the status of a large global bank.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
At present, there is no direct air connectivity between India and Myanmar.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
The idea was that despite some defaults the high rates would assure good profits.
Sensex surged 486 points or 1.9%.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an elusive civil nuclear deal.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
Financials emerged as the top gainers while auto shares rallied on robust September sales
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