Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
The broader markets closed in tandem with their large counter parts- BSE Midcap and Smallcap indices lost 0.065 and 0.10%, each.
Indian CEOs might like to make some serious course correction.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Novelis is expected to come out with its March quarter earnings on Friday and a decision on its rating will follow soon after.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Critics say the crackdown is to muzzle dissent and Rijiju's actions could lead to less foreign aid for projects that fight child marriage, provide clean water in slums and feed pregnant women.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
The market breadth, indicating the overall health of the market turned negative from positive
SBI was the top gainer after it reported lower-than-expected rise in bad loans
.jpg)
JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
Financial shares were the top losers.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Overseas investors were one of the heavy buyers.
Former Coal Secretary P C Parakh, who was named by the Central Bureau of Investigation in a first information report on a coal block allocated to Hindalco, had joined three private firms after retirement, raising questions over his role in one of the companies that's now under the scanner after getting a block.
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Benchmark share indices opened lower on Monday, amid weak global cues, as investors turned cautious ahead of the US Federal Reserve stance on interest rate.
In the December quarter, Sensex earnings had contracted 5 per cent.
But the company should take extra steps to prevent pollution.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
On January 1, Anil Sinha, the new Director of the Central Investigation Bureau, gave a 40-minute "inspirational" speech to all his officials, setting the direction for the next two years of his tenure.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Asserting that there is nothing wrong in allocation of coal blocks, former Union Coal Secretary Prakash Chandra Parakh on Wednesday said if the Central Bureau of Investigation considers a conspiracy in this case then Prime Minister Dr Manmohan Singh should be held equally responsible being the final decision maker.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances