Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
Hong Kong-based Political & Economic Risk Consultancy Ltd said corruption in more than half of the countries covered in a survey was deemed to be worse this year than last year.\n\n\n\n
A feature of this year's BRICS summit was economic cooperation.
The rally in the broader market also mirrored the positive trend seen in other Asian markets.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
'China feels India will be hard-pressed not to go after China because we are so badly dependent on them -- and that is the reality.'
As India strives to make its Act East Policy a comprehensive politico-diplomatic and economic success, Brunei gains more salience, says Dr Rahul Mishra.
The Sensex has slid 18.5 per cent from its January 2015 peak.
He said India wanted growth, development and peace in the region and was keen to utilise technology to pursue this goal for the shared prosperity.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
'Instead of writing NAM's obituary, India should reinvent it,' suggests Dr Rup Narayan Das.
'Since the bilateral deficit is a reality -- and a worry -- we need to find a way to deal with it,' says Ravi Bhoothalingam.
There is simmering disquiet in the Communist party and the world is watching as to what can unfold in China in the days to come ahead of next year's party congress, notes Rup Narayan Das.
The India-Japan joint naval exercises are a strategic signal for China, observes Dr Rajaram Panda.
Without Myanmar, India can't engage with any of the Asian nations to its east.
Sale of expensive sarees rose by 1,751 per cent while consumption of honey by 380 per cent.
The BSE Mid-Cap index was currently up 0.81%.
The average rate of COVID-19 vaccination in the country has been 10.8 million per week. At that rate, it will take India till December 2024 to complete two billion doses.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
The two countries also signed three other agreements -- to enhance aviation links, to jointly work in the area of energy efficiency and promotion of parliamentary cooperation.
'It was alright to carry out surgical strikes on terror camp in Pakistan'
'...but from those who control the narrative.' Powerful nations have mastered this art of narrative building. Those nations who aspire to become global powers must do so, observes Shanthie Mariet D'Souza.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
With Shanghai Cooperation Organisation set to admit India and Pakistan amid growing rancour over their Nuclear Supplies Group membership bid, a Chinese state-run daily expressed concern on Friday that the hostility between them may have a "negative effect" on the security grouping.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
The banks says that valuations are reasonable.
Trump can afford to say that COVID-19 is a 'China virus', but we can't expect Modi to say that aloud while his actions may speak louder, says Rup Narayan Das.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
Stalin, like his father M Karunanidhi did in 2004, may play the king-maker in a way -- not the king, unless the 2024 post-poll circumstances throws up a situation where he alone becomes acceptable to the rest, observes N Sathiya Moorthy.
Rupee volatility could be dampened if it is steadily manoeuvered to levels consistent with inflation differentials, say Jaimini Bhagwati and Abheek Barua
The Asian Development Bank too had projected Indian's economic growth for current fiscal at 7.4 per cent.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
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