Stocks of IT companies, including Wipro and Megasoft, took a beating at the bourses after it was revealed on Monday that the two firms were barred from doing businesses with the World Bank.
The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
Nasscom President Som Mittal welcomed the extension and said that though the industry had asked for a five-year break, for short term, the one-year tax holiday is well-timed to tide over the slowdown. The country's second largest software exporter Infosys, however, said, the impact is limited as most STPs would have come out of tax holidays but it is a good gesture of the government.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
The NSE Nifty ends at 4,638, down 18 points. The market breadth was negative - out of 2,793 shares traded, 967 advanced and 1,768 declined on Thursday.
FMCG major ITC on Tuesday surpassed state-run energy giant ONGC to become the county's second most valued firm in terms of market valuation, with TCS at the top of chart.
The Sensex, after last weeks 9% rally, opened up 109 points at 14,854, on the back of positive cues from the global markets. The index thereafter surged to a high of 15,209 - up 464 points.
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
The market breadth was fairly negative - out of 2,665 stocks traded, 1,687 declined and 901 advanced on Thursday.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
The NSE Nifty ended at 2,789, up 13 points. The market breadth was marginally negative - out of 2,474 stocks traded, 1,300 declined, 1,071 advanced and 103 were unchanged on Thursday.
The NSE Nifty ended at 2893, down 33 points. The market breadth was marginally positive - out of 2,511 stocks traded, 1,311 advanced and 1,089 declined on Thursday.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
The Sensex opened with a negative gap of 114 points to 15,694, and slipped to a low of 15,573 - down 235 points from the previous close - due to negative cues from the global markets.The Sensex finally ended with a gain of 346 points (%) at 16,154. Infosys surged over 6% to Rs 1,511. TCS gained over 7% at Rs 975. Wipro and Satyam rallied around 4.5% each to Rs 425 and Rs 452, respectively. Ranbaxy zoomed 8.6% to Rs 482. Reliance Communications gained 5.4% at Rs 520.
The Sensex opened with a negative gap of 114 points to 15,694. As buying spread to other sectors, the index rallied to a high of 16,249 - up 676 points from the day's low. The Sensex finally ended with a gain of 346 points (%) at 16,154. The NSE Nifty ended with a gain 102 points at 4,880. Infosys surged over 6% to Rs 1,511. TCS gained over 7% at Rs 975. Orchid Chemicals topped the value chart with a turnover of Rs 453.30 crore followed by Reliance (Rs 373.50 crore).
The BSE IT index zoomed 8% to 2,741. The Realy index, however, shed 3.7% at 2,431. The market breadth was fairly negative - out of 2,616 stocks traded, 1,643 declined, 920 advanced and 53 were unchanged on Monday.
Unabated selling in banking, realty and technology stocks saw the index slide to a low of 13,543. The Sensex finally ended with a loss of 425 points at 13,570. The market breadth was fairly negative - out of 2,652 stocks traded, 1,823 declined, 760 advanced and the remaning were unchanged on Tuesday.
The BSE IT index plunged 6% to 3,676. The NSE Nifty ended with a marginal loss of nine points at 4040.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
NSE Nifty is trading at 4,462, up 106 points.
The appreciation of the rupee, the dividend distribution tax and the hangover of the minimum alternate tax on information technology companies under the Software Technology Parks of India scheme have pulled the prices of IT stocks down.
Defying an overall sluggish market sentiment, IT stocks on Wednesday rose by up to 4 per cent amid the rupee sinking to a life low of 68.75 against the dollar.
Country's largest private lender ICICI Bank on Wednesday said it will raise up to Rs 8,750 crore (Rs 87.50 billion) through a Follow-on Public Offer in the domestic markets.
All the sectoral indices, too, rallied sharply today. The BSE IT index zoomed over 6% (261 points) to 4582. The BSE Bankex, Power, PSU and TECk indices moved up 3-5% each today.
The Sensex opened with a negative gap of 55 points at 13,183.
IT stocks on Wednesday rose by as much as 3.4 per cent after Cognizant posted 15.4 per cent jump in net profit for the third quarter ended September 30, 2013 and revised its full year revenue target.
Shares of Infosys surged almost 7 per cent on Friday after the IT major reported a 13 per cent growth in consolidated net profit for the quarter ended December 2014.
Brokers have till Friday to submit half their shares.
The Sensex opened with a positive gap of 56 points at 15,806 and moved up to a high of 16,003 in late morning deals. The Sensex finally closed with a gain of 82 points at 15,832. Satyam, Wipro, TCS, Infosys, HUL, Reliance, Tata Steel and Hindalco were major gainers. BHEL, Reliance Energy, Maruti and M&M were major losers. Reliance Capital was the most active counter with a turnover of Rs 250 crore followed by GSS America (Rs 245cr), also BHEL, Reliance Petroleum and Reliance.
The NSE Nifty ended at 4,494, down 23 points.
The NSE Nifty ended at 4,498, down 10 points.
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At first glance, the numbers show a mixed trend.
The Sensex opened with a positive gap of 110 points at 14,044.
The Sensex finally settled with a loss of 89 points at 13,607, after having gained 582 points in the previous two trading days.
The BSE Sensex opened with a negative gap of 90 points at 13,034
The Sensex rallied to a high of 12,760, before settling with a gain of 282 points (2.3%) at 12,697.
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