The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
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The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
Describing it as a "game changer", Modi said the scheme was a step towards serving the poor people of the country and it would come into effect from Sunday.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Xi and Modi met soon after their arrival at a summit of the BRICS group of emerging powers. Xi said the two countries should join hands in setting global rules and suggested he attend the November meeting of the 21-nation APEC in Beijing, as well as take part in Chinese-led regional initiatives.
How much is Tanu Weds Manu Returns making at the box office? We show you the math.
Experts say Indian students will have to accept that international space for them is shrinking.
The cost of paying the subsidy in cash has increased the money spent by the government.
While Indians are increasingly using mobile platforms and technology for various financial transactions and purchases like bill payments, ticket bookings, entertainment, travel and banking transactions, cross border mobile remittance is yet to see the light of the day.
A round-up of our favourite photographs from the week gone by.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
Tibetan refugees in India face a bleak future, says Greg C Bruno.
According to the Credit Suisse Global Wealth report, India has 1,800 ultra high net worth individuals -- 11th largest group globally, while the United States tops the chart with 62,800 UHNW adults (equivalent to 49 per cent of the global total).
The government has to cover a lot of ground if it wants to achieve the target of generating 10 million new jobs in the sector over the next three years, says Shyamal Majumdar.
Pakistan's foreign minister Shah Mahmood Qureshi tweeted, 'Prime Minister Imran Khan will break ground at Kartarpura facilities on 28 November.'
Prime Minister Narendra Modi's success at courting Indians abroad have been as much a result of his old contacts as efforts by a dedicated arm of the BJP abroad. Archis Mohan reports
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
The action by the NIA came barely a few days after the Union Cabinet declared IRF as a banned organisation under UAPA.
According to the annual HSBC 'Value of Education Learning for Life' report, India has the world's highest proportion of parents (88 per cent) who are willing to send their children abroad for higher studies, ahead of Turkey (83 per cent), Malaysia and China (82 per cent each).
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
Till date, 107 elections to states and three parliamentary polls have been smoothly conducted using the EVMs.
Fairfax Financial Holdings made three investments in a month
Bihar Chief Minister Nitish Kumar has shown it is possible to form an electoral base with pro-women policies that matter, so why don't other political parties replicate it, asks Devanik Saha.
UAE has the cheapest passport.
The keynote address will be given by United States President Donald Trump
IGATE's shares closed on Nasdaq on Friday at $45.85.
Global disinflation has finally caught up with India's high-cost economy.
India ranks low at 105th on human capital index, Finland tops
Are hacker collectives like Anonymous and Legion black hats or white hats, or do they lurk in the space between the two? Dhruv Munjal reports.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
You can return to Delhi even after 25 years and find that friends treat you as if you had never left, says Rahul Jacob.
Since 2000, China has had the world's largest outflow of HNIs.
To the extent that monetary variables affect investment, the weather, thus, looks far less clement.
Google will build its largest campus outside the Unites States in Hyderabad.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Swadeshi economist, columnist and chartered accountant S Gurumurthy speaks to Shobha Warrier about one year of Modi Sarkar.
Here are 10 photographs that prove that it's a mad, mad, mad, mad world out there!
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
This week's collection of unbelievably unusual images from across the world
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
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