Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The Sensex ended lower on unfavourable cues.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Index heavyweights were the top losers along with bank shares.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Sensex in green, JSW climbs higher.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Markets end higher ahead of Fed outcome, China stimulus
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
Indrani Mazumdar ' Mumbai April 23, 2015 Last Updated at 15:57 IST Stock Tips for Tomorrow Subscribe, Know which stocks to buy Tomorrow only Profitable Stock tips www.live-market-tips.com/Tomorrow Ads by Google Add to My Page Tiny URL RELATED NEWS Markets end flat after paring gains; HDFC Bank down 1.6% Sensex, Nifty extend losses; TCS, L&T down 2% Sensex gains over 100 points; Wipro surges nearly 6% Sensex, Nifty up 1%; bank shares zoom Nifty slips below 8,400 mark; HDFC down over 1% Hiranandani Properties Prices Starting at Just 15 Lacs. An Excellent Opportunity. Visit Nowhouseofhiranandani.com Aviva Term Plan Get 1 Cr Life Cover @Rs 16*/day. High Protection at Minimal Cost!avivaindia.com/Term-Insurance Ads by Google Markets ended lower on Thursday despite the clarification on minimum alternate tax by the government while a weak monsoon forecast raised concerns about an uptick in inflation. Further, investors turned cautious ahead of fourth quarter earnings from Infosys while worries about Greece also dampened sentiment. Meanwhile, rating agency Moody's today said emerging economies in Asia Pacific region, including India, have a high degree of immunity to external shocks, but will face challenges when the US Federal Reserve begins raising interest rates. The 30-share Sensex dropped 155 points to end at 27,735 and the 50-share Nifty shed 31 points to close at 8,398. MARKET VIEW "The last 6 out of 7 days, we have witnessed an extreme bout of selling in the key indices and stocks. Every rise getting sold and Bulls coerced to give in recently, with key supports breached. Today, was no different day, where volatility was extreme. We believe that the approach to the market remains cautious. If the indices break the previous low and close below that (i.e. 8270), then it could trigger a short term correction. Else, this could very well be termed as a bounce off the support levels. However, for a new trend to begin, Banknifty has to break 19000 levels. " said Kunal Bothra, Head -Advisory, LKP. ECONOMY The clarification from the Indian government that it would honor tax treaties while making a demand of Minimum Alternate Tax (MAT) at the effective rate of 20 per cent came as a relief for favorable treaty nations. But, dilemma still hangs over funds from other nations whose treaties do not grant an exemption from capital gains. The first monsoon forecast by the Indian Metrological Department (IMD) has predicted below normal rainfall during the season for the second straight year in 2015 primarily due to the build-up of El Nino conditions in the Pacific Ocean. Disruptions in the normal rainfall is likely to put further pressure on the agriculture sector which is already reeling under the impact of unseasonal rains that have damaged crops in parts of country and may lead to higher food inflation making further rate-cuts by Reserve Bank of India less likely. KEY STOCKS On the sectoral front, BSE Healthcare, Auto, Capital Gods, Oil & Gas, Realty and Power indices are trading lower up to 1%. However, BSE Consumer Durables and Metal indices are trading higher by 1% each. Metal stocks ended firm in today's trade after Bank of America-Merrill Lynch said the sector's return on equity will double by FY17 end. The research house reinstated coverage on Indian steel makers, with "buy" ratings on Tata Steel, SAIL, JSW and Jindal Steel and Power. Tata Steel gained 5%. Vedanta (earlier known as Sesa Sterlite) climbed nearly 0.5% and Hindalco was up 0.2%. Coal India advanced 1.3% after Brokerage firm CLSA maintained its 'buy' rating on the stock. YES Bank ended higher by 7% on the National Stock Exchange (NSE) on back of heavy volumes after the private sector lender said that its board approved a proposal to increase foreign institutional investor (FII)/foreign portfolio investors (FPI) limit to 74% from the existing limit of 49% of the paid-up share capital. According to media reports, Maruti Suzuki has plans of launching a series of new cars for the Indian market in 2015. Unveiled at the 2015 Geneva Motor Show, the Maruti Suzuki YRA model will be named as 'Fronx' for the Indian market. The stock was up 1%. TCS ended the session with marginal gains after the company teams up with Solace Systems team to deliver digital Reimagination solutions and services. Select IT shares remained under pressure for the seventh straight session over concerns about quarterly earnings. Infosys shed over 0.7% ahead of the quarterly earnings due tomorrow and Wipro lost nearly 2%. According to reports, M&M is planning to invest Rs 2,500 crore in expaniding its existing auto manufacturing facility in Telangana., which will increase its capacity to 1.5 lakh vehicles per year. The stock slipped over 1%. On the concern of poor monsoons ahead of the June-to-September monsoon season, auto, financials and FMCG stocks ended lower. ITC was down 0.3%, Tata Motors lost over 2%, Hero motocorp shed 1%, HUL slipped 0.6%, SBI dropped 2.4%, Axis Bank and ICICI Bank dipped 0.3% each. HDFC Bank lost 0.4%. HDFC Bank posted a 20.6% rise in net profit in the fourth quarter ended March 31, 2015 due to a higher loan growth. The bank had a net profit to Rs 2806.91 crore for Q4 compared to Rs 2,326.52 crore in same quarter previous fiscal. The number of new launches in residential real estate has come down by 55 per cent in the first quarter this year owing to subdued sales, according to a report. From the realty pack, Unitech, IB Realty, Godrej, Anantraj, HDIL and NBCC were down up to 2%. In the broader market, BSE Midcap index outperformed the peers and was up 0.6%. However, BSE Smallcap index lost 0.2%. Market breadth ended lower with 1,434 declines versus 1,377 advances. Read more on: Nifty ' Sensex ' Nse ' Bse ' Maruti ' Tcs ' Infosys ' Yes Bank ' Hdfc Bank ' Tata Steel Read More Sensex drops 189 points to end below 28,000 Provisionally, the 30-share Sensex ended down 189 points at 27,701 and the 50-share Nifty shed 39 points to close at 8,391 Add to My Page Tiny URL Recommended for you Monthly SIP Investments Invest as low as Rs 1000pm in Top SIPs in just 2mins. Start a ZipSip. www.myuniverse.co.in/ZipSip Luxury 2 & 3 BHK Mumbai Pay 10 lacs now, Rest on Possession 63 Storey Twin Towers in Kandivali lovealpine.com/Special-Offer Ads by Google Advertisements Prof. Mikkel Draebye explains the importance of corporate entrepreneurship. Read More Plan a vacation to unveil the dense wildlife at Tadoba. Buidling a smarter India with our contribution of new automation. Get up to 5 years of onsite warranty & great discounts. Know more Zero Account Opening Fees. Click here to know more $ Daily One Sure Intraday Stock Tip. Get Profit by 11:30 AM @ 0988877963 Leaders should be responsible for organisation and co-workers. "Prof. Massimo Magni" Unveil the marvellous hill stations of Maharashtra Back to Top Quick Links Go LATEST NEWSAll NewsIn This Section Nifty ends shy of 8,400; YES Bank top gainer PDP-BJP coalition govt a change for the worse: Omar Abdullah Arms case: Salman Khan fails to appear in court for recording statement MRF Q2 net surges 95% to Rs 333 crore Banking sector fraud has gone up by more than 10%: Deloitte Building leadership, capabilities in big data labs critical for analytics: Nasscom YES Bank extends intra-day gain on board nod to hike FII/FPI limit to 74% Gammon India to issue Rs 100-crore debentures to promoters Smart maps an $8 bn opportunity for India: Study Exercise financial prudence: Parrikar to Armed Forces News you can use Rss icon Don't reduce PF contribution What is Gratuity? What are NEFT and RTGS? Check your Income Tax Credit credit status form-26AS online Saving capital gain tax on sale of property Calculate tax on your house property income How to Check your EPF Balance & status online Featured Videos Why some of Japan's elderly want to go to jail video The 1341hp electric car beats a Bugatti video The maps that tell you when it's safe to breathe video How to add Michael Jordan's shoes to your portfolio video MOST POPULARReadSharedCommented BK Birla group plans mega recast Samsung to set up $100-mn plant in Hyderabad Rains seen below normal for 2nd straight year Jet Airways puts its wide-body fleet on sale to reduce debt FIIs with tax pact shield may be exempt from MAT Market News Signs of steel prices bottoming out a ray of hope for steel players CNX Metal index that fell to one-year lows of close to 2,293 in mid-March now trading at 2,460 levels Markets under pressure; Sensex slips below 27,800 The auto and capital goods space are exerting pressure on the indices in noon trades. Ashoka Buildcon dips after pricing QIP issue at discount The board has approved issue of 2.84 crore shares to Qualified Institutional Buyers at Rs 175.80 per share Cardamom rises by 0.4% as demand picks up Speculators created fresh positions at prevailing levels, taking positive cues from spot market on pick up in demand Crude palm oil falls by 0.1% on sluggish demand speculators indulged in reducing positions due to subdued demand in spot market The 30-share Sensex dropped 155 points to end at 27,735 and the 50-share Nifty shed 31 points to close at 8,398.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The 30-share Sensex was up 191 points at 28,707.75 and the 50-share Nifty was up 54 points at 8,714.
Nifty snaps 10-day winning streak
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Sensex rises, Nifty ends at record high; RIL shares rally.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
Sensex climbs higher on favourable global cues.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Movement of rupee and crude oil prices will also dictate the trend
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
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