'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
Virgin promoter to protest Adani's mining project in Australia, saying it will damage the Great Barrier Reef
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
The 50-share NSE Nifty was trading lower by 24 points.
'Amid the different versions of truth on the Ishrat case, what is certain is that Ishrat's mother Shamima Kausar, who has continued to maintain that Headley's confession was nothing but an attempt by powerful people to save themselves in the case, is unlikely to find a closure anytime soon.'
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Can the poll outcome be a trigger for a meaningful correction?
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
This surpassed its previous record close of 29,974.24, reached on April 5.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Tata Motors was the top gainer on better-than-expected June quarter revenues
With inflation down, the government's twin deficits are largely under control.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
The S&P BSE Sensex surged 160 points to close at 25,262.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
For retail investors who are into direct stocks, buying one when it enters the index can be a good strategy.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
