The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Why Danone, Philips, and to an extent Nestl and P&G remain under stress in India is a subject perhaps worthy of a business school case study, says Shailesh Dobhal.
The lowest FMCG index valuation has been around PE 27, while the highest have been above 42PE.
Oil & gas, banking and pharma sector stocks stole the show
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The Council includes companies like Tata Motors, Flipkart, Airtel, P&G, Madison World, ICICI Bank, HUL, Micromax and Future Group among others.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Companies in the FMCG space are increasing their focus on herbal and ayurvedic category in India
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Reliance Industries, Infosys and Tata Motors were the top contributors
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Talks on with P&G, HUL, Patanjali, among others to push their products via 250,000 common centres
In the 1970s, when the detergent world stood on the cusp of a change, Indian consumers first learnt the difference between Sasti cheez aur acchi cheez (a cheap product and a good product) from the sparkling white saree-clad, Lalita ji.
Ban on high-value currency sends advertising industry into a tailspin.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
The company has a network of 4,000 distributors, 10,000 stores and 100 mega marts.
The B-school also witnessed new roles in the domain.
Food processing industry players are worried that this could have an impact on their overall investment plans.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
For the new millennium generation, slowly and at an accelerating pace, it is attractive to harbour a start-up ambition, says R Gopalakrishnan.
Age and experience not less relevant but firms are gradually moving towards younger leadership teams
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
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