All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Maria Sharapova has admitted that she failed a drug test at the Australian Open this year. The Russian star has confessed that she tested positive for Mildronate/Meldonium, a medicine she has been taking for 10 years owing to health issues, and the same is included in the fresh list of banned substances.
China's Li Na made it a hat-trick of White Group victories, overpowering back-injury victim Victoria Azarenka 6-2, 6-1 on Friday to march through to the semi-finals of the WTA Championship.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Top seed Serena Williams turned an early challenge into an eventual cakewalk as she beat Russian-born Yulia Putintseva 7-6(2), 6-0 in the third round of the BNP Paribas Open in California on Sunday.
Reliance Jio's decision to acquire 700 MHz in combination with the possible use of an advanced standalone (SA) 5G network could give it an edge over its rivals, according to most analysts. The dissenters argue that the stiff price tag touching Rs 40,000 crore to grab 10 MHz of spectrum in 700 to provide coverage for its SA 5G network which offers ultra-low latency (unlike non-standalone or NSA), has a long way to go in India in terms of finding use cases that can be monetised. Globally, 700 MHz is a pivotal band which provides huge coverage, indoor penetration (especially useful in India where walls are thick) and is already considered by the European Union to be the 'pioneer band' for 5G, with 3.5 GHz and 26 GHz, both of which were auctioned in India recently.
Former American great Chris Evert has no issue with tournaments handing Maria Sharapova wildcard entries as the Russian former world number one makes her way back from a doping ban, she said on Wednesday.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Wonder why corporate India is showering dividends?
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Six-time champion Novak Djokovic's hopes of turning around his season at the Miami Open ended in the second round when he was defeated 6-3, 6-4 by Frenchman Benoit Paire.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
The Indian Wells tennis tournament was set to start on Tuesday, attracts the game's top players from both the men's and women's sides and drew a record 475,000 fans over its two-week run last year. It was cancelled over concerns about the spread of a coronavirus in Southern California.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
Investors must, however, be prepared for volatility in ELSS, cautions Sanjay Kumar Singh.
Unseeded American Lauren Davis secured the first big upset of the BNP Paribas Open when she ousted third seed Victoria Azarenka of Belarus in the second round in Indian Wells on Friday.
ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.
Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
It is advisable to avoid a fund until it develops a track record.
Twice Grand Slam winner Svetlana Kuznetsova and 14th seed Elena Vesnina posted hard-fought, straight-set wins in Friday's semi-finals to set up an all-Russian final in the BNP Paribas Open at Indian Wells.
Elena Vesnina denied Venus Williams another comeback win, while Kristina Mladenovic roared back from a set and a break down to beat Caroline Wozniacki on Thursday to reach the semi-finals of the BNP Paribas Open at Indian Wells.
Venus Williams staged a spirited comeback to down third seed Petra Kvitova 4-6, 7-5, 6-4 and reach the third round of the BNP Paribas Open in Indian Wells on Saturday.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Japan's Naomi Osaka claimed her first career title with a commanding 6-3, 6-2 victory over Russian Daria Kasatkina in a battle of 20-year-olds at the BNP Paribas Open on Sunday.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Broader market underperformed the headline indices
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
World No 3 Simona Halep turned up the aggression and rallied for a 5-7, 6-1, 6-1 victory over Carla Suarez.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The BSE Mid-Cap index was currently up 0.81%.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
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