The risk of a collision between the Federal Reserve and the markets grew on Friday after Fed governor Randall Kroszner made it clear that the US central bank was not planning to cut interest rates at its next policy meeting, but was largely ignored by investors.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
India on Wednesday announced a four-member team with Sania Mirza as the spearhead for the Fed Cup Asia/Oceania Group I & II matches scheduled in Bangkok from January 28-February 3.
India were on Saturday relegated to Group II of the Asia/Oceania zone after their humiliating 0-3 defeat against Chinese Taipei in the Fed Cup play-off tie here.
Karman struggled to contain her unforced errors but prevailed 6-3 6-4 win over Eudice Chong to give India a 1-0 lead in the Asia/Oceania Group I tie.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
Global funds, according to Christopher Wood, global head of equity strategy at Jefferies, are now beginning to pay more attention to India with the market now offering 30 companies with a market capitalisation over $25 billion.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The Russian Fed Cup team were hailed by the local media following their semi-final victory in the U.S. at the weekend, while the hosts were criticised for their choice of venue and the treatment of the visiting captain.
A man was arrested in connection with the incident and questioned.
State Bank of India was the biggest loser in the Sensex pack, shedding 1.69 per cent, followed by Asian Paints, Kotak Mahindra Bank, HCL Technologies, Reliance Industries, Wipro, IndusInd Bank, Infosys, Power Grid and HDFC twins. In contrast, Nestle, Maruti, Bharti Airtel, Tata Motors, ITC and Hindustan Unilever were among the gainers.
Maria Sharapova came to Russia's rescue on her Fed Cup debut to pull the holders level at 1-1 in their world group first-round tie against Israel.
What's different this time is that global financial stress -- which has its genesis in four policy choices made in recent years -- is juxtaposed with a more resilient real economy, observes Sajjid Z Chinoy, chief India economist at J P Morgan.
Jelena Jankovic steered Serbia into their first Fed Cup final when she thrashed Svetlana Kuznetsova 6-1, 6-4 in the second reverse singles on Sunday.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
Rupee ends flat against dollar ahead of Fed policy outcome.
Images from the US Open women's semi-finals on Thursday.
'These frequent visits show the BJP fears that the Congress will retain power.'
The markets, at this point, have rallied on the view that the Fed will not budge from the zero-bound as long as inflation remains subdued
Ankita Raina and Karman Kaur Thandi will have to punch above their weight when the battle to qualify for Fed Cup tennis tournament's World Group II,
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds - domestic and foreign. Retail investors, too, prefer to 'cash in' on their gains and losses before the financial year runs out.
Images from the Premier League matches played on Tuesday.
Upon his arrival, the PM was accorded a welcome by the pachyderms and he fed sugarcane to some of the elephants in the Theppakkadu camp at the tiger reserve in Mudumalai.
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent and the Nifty gained 169.5 points or 0.87 per cent.
Tara Iyer and Ankita Bhambri blanked their opponents as India beat Jordan 3-0 in the Fed Cup.
Equity benchmarks declined on Thursday after a two-day rally, mirroring a weak trend in the US markets and fresh foreign fund outflows. Weak US consumer data and hawkish comments from the Fed's policymakers dragged markets lower. The 30-share BSE Sensex dropped 187.31 points or 0.31 per cent to settle at 60,858.43.
Bernardo Silva and Jack Grealish scored three minutes apart as Manchester City came from behind to beat Premier League newcomers Luton Town.
There is anecdotal evidence that the US economy is really, sharply slowing.
Maria Sharapova has committed herself to playing in Russia's Fed Cup first round tie against Spain in February, the World No 4 said.
India will be led by newly-crowned world number one Sania Mirza as 11 nations will strive to get promotion to Asia/Oceania Group I when the Fed Cup tennis competition begins in Hyderabad.
Month-end dollar demand from oil companies mainly affected the rupee value against the US currency, a forex dealer said.
Mohammed Siraj's sensational six-wicket spell put India in control despite a superb fightback from South Africa with the ball on Day 1 of the second and final Test.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
From the Sensex pack, Tata Motors, HCL Technologies, Power Grid, Tech Mahindra, NTPC, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Wipro, Nestle, Tata Consultancy Services and Infosys were among the major gainers. Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank and State Bank of India were the major laggards.
Indian captain Sania Mirza led from the front as the hosts registered a 2-1 victory over Philippines.
Li Na beat Germany's Kathrin Woerle 7-5, 7-5 to secure China's place in the Fed Cup elite for the first time
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