Bajaj Finance was the top loser, tumbling 4.68 per cent, followed by Tech Mahindra, IndusInd Bank, ICICI Bank, SBI, Reliance Industries, Bharti Airtel and HCL Tech. NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Now we must first compete with Bangladesh. This is not what we had been promised, notes Aakar Patel.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
The market breadth, indicating the overall health of the market was strong
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
The fall was led by banking stocks, with IndusInd Bank, Kotak Bank, Federal Bank, Axis Bank, ICICI Bank, HDFC Bank and SBI declining up to 2.36 per cent.
Infosys, Wipro and HUL among the top losers for the day.
The Bal Puraskar was conferred by Prime Minister Narendra Modi, who gave digital certificates to the awardees using blockchain technology developed by IIT Kanpur.
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.
The Indian stock market, hit by global fears and a high inflation-interest rate regime, has been the second-worst performer in Asia this calendar year - a shade above Bangladesh.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
Hiring activities pick up in December.
It would also be the fifth month of consecutive drops in the index.
Leading job portal Monster.com said on Monday that recruitment activities in many sectors witnessed a decline last month compared to July.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
Top losers in the Sensex pack included TCS, Yes Bank, ITC, Sun Pharma, Reliance, Coal India, Asian Paints, SBI, Maruti, HUL, HCL Tech and ICICI Bank, falling up to 2.91 per cent.
The government's increased thrust on investment and continued focus on job creation in India gives the sense of an improving job market scenario in the coming months.
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Given that there has been no negative news flow around Zomato, analysts believe it's time to lap up the shares at lower levels.
The Nifty opened higher, tracking firm cues from Asia, but investors booked some profits before the RBI policy.
The breadth, indicating the overall health of the market, was slightly positive
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Index compiler FTSE said on Wednesday it planned to raise the weighting of India to 2.9 per cent from 2.3 per cent in its All-World Asia-Pacific ex-Japan Index as well as making a number of other changes.
All Sensex components ended in the red. IndusInd Bank was the top loser, followed by Tata Steel, HDFC, ICICI Bank, Axis Bank, Infosys and ITC. According to traders, volatility heightened in global markets as US Federal Reserve's interest rate cut stoked concerns over an impending economic recession.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
In the Sensex pack, Yes Bank, IndusInd Bank, Infosys, ICICI Bank, TCS, SBI, Reliance Industries, ONGC, Axis Bank and NTPC rose up to 2.66 per cent.
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On a month-to-month basis, the index improved by 3.14 per cent in June.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
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 swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
While India ranks 60, Switzerland, Sweden, the Netherlands, the US and UK retained their top spots as the most-innovative countries. China is at 22nd spot.
Healthcare sector is hiring staff, says Monster.com.
Asia's falling stocks have triggered an exodus of funds from the region.
The latest Monster Employment Index, that offers a snapshot of online job demand in India, showed that hiring trends picked up in January.
According to leading job portal Monster.com, since the start of this year, online recruitment has registered consistent consistent improvement as compared to the year ago period.
