In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Govt wants to up investment in Railways
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The Street is especially looking forward to the management commentary to get a sense of its new direction
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
To invest in the stock market and buy equity, you need three things
Revenue from its IT services business rose 9 percent to $1.86 billion.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
Another negative surprise in HCL's numbers was the decline in the margin by 40 basis points to 21.4 per cent.
Nifty has a virtual monopoly in the index derivatives segment.
The Network18 stock is down 4.2 per cent after the declaration of results to Rs 49.50 currently.
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
SBI's gross NPA figures have shown a decline for three consecutive quarters.
High net worth individuals (HNIs) are considered more investment-savvy than retail investors.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
Single window clearances for realty must.
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