The broader markets, however, outperformed their larger peers.
Markets ended at record closing highs for the second day in a row on institutional buying.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Sensex in green, JSW climbs higher.
For the seven months since February 2014, the benchmark index surged nearly 27%.
Describing DBT for LPG as a 'tremendous success,' Oil Minister M Veerappa Moily said the programme, when implemented throughout the country, would help save Rs 8,000-9,000 crore (Rs 80-90 billion) of subsidy from going to unintended beneficiaries.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Sensex in green in afternoon trade.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Govt plans to stop RIL from selling crude to Jamnagar refinery.
Custom duties, a major concern for the oil sector.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
IT and pharma companies again save the day; mask pain in domestic consumption.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Re-instatement of 5% custom duty on crude imports will help.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
While even the Opposition doesn't believe that Kerala Chief Minister Oommen Chandy is personally involved in the solar scam, the Congress leaders reputation has been tainted. And while he tells Indulekha Aravind that it is only a conspiracy, it may have a bearing on the coming general elections
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