Out of the 30-share Sensex pack, 25 scrips ended with gains while 4 registered loss. Sun Pharma ended steady
In the latest move, the telco has reduced validity for its Rs 309/509 packages from 84 days to 56
Big Mumbai developers' inventory at Rs 53.4 crore.
At the BSE, 1,552 stocks advanced, while 1,419 declined and 118 remained unchanged.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
According to Rahul Rege, business head (retail) at Emkay Global Financial Services, it is difficult to track more than 10 stocks.
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Rupee ends flat after hitting 9-1/2 month low.
The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24% to 24,485.95 so far this month
Investor wealth on Wednesday diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market.
The IOC share sale is the fourth disinvestment this fiscal but the biggest in 2015-16 so far.
Increased demand from oil importers for the American currency kept pressure on the rupee
Indian stock market investors are laughing all the way to the bank with the total market value of domestic listed companies soaring to a record $1.5 trillion on a day when the benchmark BSE Sensex ended at a new closing high of 25,396.46.
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
'The government's projections for 2019-2020 will be disappointing big time.'
On the macro front, market participants will closely watch the FY'15 fiscal deficit target
The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market.
Forex dealers said apart from month-end demand for the American currency from importers, dollar's gains against other currencies overseas amid US data showing more-than-expected economic growth in the second quarter also put pressure on the local unit.
UK operations of several Indian companies might take a hit.
The Fed's decision on tapering its monthly $85 billion bond-buying programme is expected later on Wednesday.
Volatility is part and parcel of stock market.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Forex dealers said besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 per cent in July, put pressure on the rupee.
RBI will review the monetary policy again on September 29.
Most markets have seen significant erosion in investors' wealth this year
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
Bigger companies are signing equity JVs with global investors.
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
A rising rupee is a tailwind for dollar investors.
Experts believe it can touch 63 against the dollar
The rupee appreciated by 0.27 per cent in June against the dollar.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
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