Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
Welcoming the settlement of the ownership battle between Ambani brothers Mukesh and Anil, Industry on Saturday said the amicable resolution of the dispute would boost capital markets and uplift the morale of investors.
The move will have cascading effects for lot of related sectors
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
The Sensex has dropped 141 points (1.7%) to 8,346.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
The bank's branch expansion and recruitment have been curtailed.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
Budget may bring exemption for those backed by Indian securities other than shares
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
Rajan has a great track record abroad.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
The company is set to be India's first microlender to become a bank
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The industry needs stimuli to help revive consumer demand and conversions.
Bandhan financial Services will raise funds via internal accruals.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Similar flags were also unfurled at about 24 other places across the Vidarbha region.
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
Pending consumer dispute cases are at an all-time high.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
