Additional levy to eat into Rs 6,000-crore income of top promoters
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Anand Sharma working tirelessly for extension of tax breaks that expired on March 31, 2010.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
The progress of the GST Bill in Parliament is also likely to remain in focus
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Investors booked profits in recent gainers
Stocks such as ICICI Bank, Axis Bank, State Bank of India, Bank of Baroda and HDFC Bank are among the top banking picks of analysts for 2017. A decline in cost of funds and treasury gains are expected to help stabilise their net interest margins
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
The scrutiny is expected to be over this month itself.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
The depreciation in the yuan has led to a decline in all emerging market currencies
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Both the indices ended at their highest levels since February 1.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
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
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Buy comprehensive motor insurance policy to guard against natural calamities.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Markets ended in green on rate cut hope.
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
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