Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
Sensex,Nifty to remain under pressure through the week.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
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India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storage at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Banking and capital goods stocks were out of favour, while oil and auto stocks saw buying interest.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
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State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The rally in most of these stocks is partly attributed to impressive financial performance.
Asian shares ended higher after a string of positive US economic data.
Banks stocks continued to trade weak along with FMCG major ITC.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Indian basket at 6-month low of $49.11 a bbl
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Rise in investor sentiment, return of risk appetite aid shares across the board
Markets ended in green on rate cut hope.
Markets crashed due to domestic worries; bluechip stocks tanked too.
These firms offer job security and lucrative salries.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
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Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.
Govt diverts Rs 253-crore subsidy savings to the poor.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Many believe that marketing budgets could be a hurdle.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
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