The S&P BSE Sensex shed 112 points to close at 27,167 and the Nifty50 dropped 35 points to finish at 8,336.
Profits of domestic brokerages fell substantially in the quarter ended March 31, thanks to subdued participation of retail investors and continued increase in the share of the low-margin options segment in the overall market volume.
Stock markets, which are facing the heat of political uncertainty over the 2G spectrum scam, have come under pressure as investors are pulling out their money to invest in the primary market.
The Nifty ended at 5,318, up 22 points.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
Can the poll outcome be a trigger for a meaningful correction?
Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.
But trading through the route still a minuscule portion of total turnover
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
The 30-share index surged 499.79 points or 1.84 per cent to settle at 27,626.69.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
Amid heated debate on algorithm based trades, ace investor Rakesh Jhunjhunwala today backed this form of trading, and questioned the need to regulate it.
The stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
Technical analyst will not be able to give contrary recommendations regarding a company
Shares of power, IT, tech, utilities and capital goods firmed up
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
The rupee is trading weak against the dollar in afternoon trade.
Broader market underperformed the headline indices
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
The BSE Mid-Cap index was currently up 0.81%.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
Shares of Motilal Oswal Financial Services, Edelweiss Financial Services and IIFL Holdings have all doubled in the past one year against the Sensex's 23 per cent gain.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Volatility is part and parcel of stock market.
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
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