On the Sensex chart, Axis Bank, Titan, IndusInd Bank, HDFC Bank, Dr Reddy's, HDFC and Asian Paint were major losers.
Public banks may have a tough time in 2015 as they had to write off Rs 1 trillion.
Cheque clearances and cash withdrawals and deposits in public sector bank branches across the country were hit as employees started a two-day strike on Monday to press for a revision in wages.
The Sensex opened a tad (nine points) higher at 14,089.
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The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
'India's edtech and start-up story will be in danger.'
Multi-core loan default accused and promoter of Rotomac Group 73-year-old Vikram Kothari died in a freak accident at his Kanpur residence on Tuesday morning. According to reports, the erstwhile stationery czar sustained grievous head injuries after slipping in his bathroom and later succumbed to his injuries. He was reportedly alone at his Tilak Nagar residence at the time of the incident. Vikram, also known as 'India's Pen King', was accused in a bank loan scam worth thousands of crores pertaining to Rotomac Global, which exported writing instruments overseas.
IMAGES from the English Premier League matches played on Saturday.
Banks and realty among the most hit on account of high borrowing costs.
An Indian family, the Pandays, spend a few days on the Nepo river.
Infosys, TCS and HCL Technologies ended 1-2% higher due to weakness in rupee.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Security forces took out flag marches at several places including Ferozepur, Bathinda, Rupnagar, Faridkot, Batala, Fazilka, Hoshiarpur, Gurdaspur, Moga and Jalandhar in a show of strength.
Led by fall in prices of pulses and some food articles, inflation rate has declined to a five-year low of 3.26 per cent for the week ended September 29, compared to 3.42 per cent in the previous week.
The country's biggest bank SBI on Wednesday posted a 55 per cent rise in standalone net profit at Rs 6,504 crore for the first quarter of the current financial year, helped by decline in bad loans. The lender had reported a net profit of Rs 4,189.34 crore in the April-June quarter of 2020-21. State Bank of India's (SBI) standalone total income increased to Rs 77,347.17 crore in the first quarter of 2021-22 as against Rs 74,457.86 crore in the same period a year ago, according to regulatory filing.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
HDFC, L&T, Hind Unilever, ICICI Bank among top Sensex losers
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
Titan was the top laggard in the Sensex pack, shedding 1.39 per cent, followed by HDFC, Axis Bank, Kotak Bank, HCL Tech and Tech Mahindra. On the other hand, Asian Paints, SBI, M&M, TCS, Bajaj Finserv and ICICI Bank were among the winners, spurting as much as 3.25 per cent.
Markets end in green with auto, banks on a steady climb.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 4 per cent, followed by Bharti Airtel, Axis Bank, ICICI Bank, Bajaj Finance, Sun Pharma, HDFC and Kotak Bank. On the other hand, Titan, Maruti, ITC, Asian Paints, HCL Tech and Bajaj Auto were among the laggards.
Beside manufacturing, deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.
Infosys has emerged as the fastest growing IT services brand following 52 per cent brand value growth since last year and 80 per cent since 2020 to $12.8 billion, earning it third spot, the brand valuation consultancy said in its latest Global 500 IT Services Ranking report. TCS and Infosys have pushed IBM to fourth spot from second. IBM's brand value now stands at $10.6 billion, a decline of 34 per cent from last year and 50 per cent since 2020.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
The country's foreign exchange reserves declined by $2.47 billion to reach $616.895 billion in the week ended August 20, RBI data showed on Friday. In the previous week ended August 13, 2021, the reserves had declined by $2.099 billion to $619.365 billion. The forex kitty had touched a lifetime high of $621.464 billion in the week ended August 6, 2021.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
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.
Get Ahead reader Sangeeta didn't realise how she spent an entire day on the banks of the Narmada at Maheshwar, Madhya Pradesh.
The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March. For the fourteenth straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
Tata Steel was the top gainer in the Sensex pack, rising 3.10 per cent, followed by Bajaj Finance, Bajaj Finserv, Reliance Industries, Asian Paints and Titan.
On October 31, Chaudhuri was arrested from his Delhi home by the Jaisalmer police for his alleged role in crippled Rs 200 crore Garh Rajwada hotel project in the city which was sold for Rs 25 crore to Alchemist ARC in March 2014. The project was financed by the bank in 2007.
Markets ended weak tracking the expiry of April derivative contracts.
Dunlop & Jessop head for closure & new ventures abroad yet to inspire but tycoon says he's still going strong.
Continuing with its uptrend, the Sensex opened with a positive gap of 147 points at 13,782. Profit-taking in early trades saw the index pare gains and slip into red to a low of 13,581.
PowerGrid was the top loser in the Sensex pack, shedding over 1 per cent, followed by Bajaj Finserv, ICICI Bank, HDFC, NTPC, HUL and L&T. On the other hand, Infosys, Reliance Industries, Nestle India and Martui were among the gainers.
The dollar index was down 0.01 per cent at 95.86 against a basket of six currencies in early trade
