The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.
However, the National Disaster Response Force, which has been engaged in the rescue operation since the day of the tragedy on December 13 last, will continue with their services.
When big offers hit the market, broader indices corrected 2-4%
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
Yes Bank, Wipro, Kotak Bank, M&M, Sun Pharma, Maruti, HDFC, Hero MotoCorp, Infosys, TCS, L&T, Bajaj Auto and HUL were among the top gainers, rising up to 6 per cent.
The first lot of 74 mines will be auctioned to specific end-users and allocated to state-owned entities by March.
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Four companies --TCS, Coal India, Wipro and Bharti Airtel -- saw decline in their market-cap.
The NSE Nifty settled the day 96.80 points, or 0.94 per cent lower, at 10,224.95
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion
If we basically expect the government to use taxpayers' money to intervene every time when there are some 'sunsets,' then I think you introduce possible moral hazards: Subramanian.
As investors struggle to find quality stocks following the sharp rise in the benchmark indices, four brokerages give their picks.
In an interview with Business Standard, CIL Chairman Singayapally Narsing Rao attributes the performance to volume growth but adds a decision on price hike will be taken at an appropriate time.
The combined market capitalisation (m-cap) of five of the country's top10 firms grew by Rs 35,237.57 crore (Rs 352.37 billion) during last week, with Coal India emerging as the second most valued company after Reliance Industries.
Power and Coal Minister Piyush Goyal warned that it would take years to alleviate coal supply shortages, which have reduced stocks at thermal power stations to their lowest since a huge blackout in 2012 cut off 620 million people.
The rally was led by IT stocks, with TCS and Infosys rising up to 5 per cent. Yes Bank, on the other hand, was the biggest loser on both the bourses, cracking nearly 12 per cent
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
Indonesian coal making its way to India provides about a third less energy than supplies from South Africa or Australia.
IT giant Tata Consultancy Services (TCS) on Tuesday slipped to fourth position in the list of the country's most valued companies, below Reliance Industries, ONGC and Coal India Ltd.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
Rigorous pumping of water from the nearby abandoned mines is expected to begin on Friday.
The judiciary has sent a strong message against crony capitalism.
PSUs will get direct allotment.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
The body, located 200 feet away from the bottom of the mine, was brought out using the Indian Navy's underwater remotely operated vehicle and an National Disaster Response Force boat on Wednesday, said operations spokesman R Susngi.
The document also recommends setting up of a high-level committee with the task of examining the option and asking it to submit a report within six months.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
Freight rates for 12 commodities hiked.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
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