Losses largely came from the metal index, followed by power, infrastructure, realty, PSU, oil and gas, capital goods, FMCG, healthcare, auto and banking.
'This is a good time to restructure your portfolio because the sectors and stocks that performed in the last bull market may not perform as much now.'
Poor contract workers often have little or no access to safety equipment or health benefits in factories.
Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.
The Renault-Nissan alliance currently employs around 8,000 workers at its Chennai plant
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
Prez says that India has not assured the United States that it will provide 'equitable and reasonable access to its markets'.
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
Rating agency Crisil said corporates, especially those in the auto, aviation, consumer durables and oil sectors, will be "severely impacted" by rupee depreciation due to large overseas debt and limited hedging.
Passenger Vehicle sector seeks cut in excise duty on large cars too, and to reduce interest on auto loans to boost demand
To mark the first anniversary of the Sterlite firing anniversary -- 13 people died and several were injured when the Tamil Nadu police fired on a large crowd protesting -- various organisations will hold rallies and meetings in the port city.
Bangalore-based Reva Electric Car Company, two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas.
'Where will industry have funds when they open up?'
Top gainers of the session included Bajaj Auto, Kotak Bank, M&M, Vedanta, IndusInd Bank, Asian Paints, HDFC Bank, Reliance Industries, HUL, HDFC, ITC, Tata Steel and Tata Motors, rallying up to 5 per cent.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
According to official sources, the government is likely to announce a major fiscal stimulus package for housing, auto and export sectors on Saturday. The government might also cut cut excise duty on commercial vehicles, and further relax the external commercial borrowing norms. This will help exporters and others.
The mini car is likely to be based on the auto maker's Beat concept, showcased at the New York Auto Show two years ago. It would offer the option of diesel or petrol engines and will be the third small car in GM's offering in the country after Spark and Aveo U-VA. India would be the company's export hub for the mini car, said Karl Slym, president and managing director, General Motors India.
The car was launched more than 10 years ago and is an asset that built Hyundai's credibility.
The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
An alternative to a small car, it is expected to be priced ex-showroom between Rs 260,000 and Rs 300,000, and will offer better mileage (more than 30 km a litre) and less pollution than a car, and will be a convenient alternative to a two-wheeler but at the same operating costs.
The Duke 390's pricing is introductory and KTM is likely to hike it in the next couple of months.
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.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
'I hope the trend is sustainable and that economic activity accelerates going forward.'
Ford EcoSport, the most awaited launch of 2013 is here. Ford has announced the rolling out of the vehicle in mid June 2013.
The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. It is finally set to hit the India roads but the challenge of creating a new category in the competitive automobile market has only just begun.
India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety. Customers rarely walked into showrooms asking for the safest car. They wanted the cheapest or the most fuel-efficient or the best-looking car.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
It is likely to be launched around Diwali
Experts say local demand, government policies in retail and refining sector are attracting foreign players.
The broader NSE Nifty after recapturing the 9,900-mark advanced to hit a high of 9,947.80, but ended at 9,904.15, up 6.85 points, or 0.07 per cent.
Ministry wants to abolish 2.5 per cent customer duty on petrol and diesel.
Renault Kwid is a good entry-level car for Indian roads.
Two-wheeler firms' profits to slow down following a double-digit decline in sales.
"We are expecting almost doubling our sales in this financial year. We are very well on track with Micra, Sunny and Evalia. Evalia will generate a very new type of customers..", Nissan Motor India Managing Director and CEO Takayuki Ishida said.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
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