IT majors along with metal names Sesa Goa and Hindalco buck trend.
Participants are keenly waiting for the January IIP.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
'The financial sector will be hit even harder than the overall market.' 'The banking sector will eventually be rescued.' 'But it may go into a long downwards spiral before things turn around.' 'Threat or buying opportunity?' asks Devangshu Datta.
RBI Governor Raghuram Rajan will also participate in the meet.
The dollar gained strength with the emergence of the US as the only developed economy showing signs of recovery.
If Chinese growth starts falling, sharply or otherwise, the risk on trade might reverse.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
The world economy is going through a tough phase.
Faster normalisation of central-bank balance sheets will drive yields higher.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
The dollar-rupee rate could move in the opposite direction if dollar policy rates rise and the FPIs sell in December, says Devangshu Datta.
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
A falling rupee and lower foreign buying in equities are signals investors should watch out for, says Devangshu Datta
Move 10 per cent of your portfolio to the yellow metal.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Fed keeps rates unchanged, sets up possible December hike
The Bank of Japan's action has nullified the effects of the end of the US' quantitative easing programme but the dependence of foreign institutional investors remains a concern
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
A rate cut will bring positive sentiment around the Budget.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
The Sensex ended below 28,000 for the second straight day at 27,869.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
The rupee had lost 15 paise to hit two-week closing low of 60.68 against the dollar in yesterday's trade on consistent demand for the US currency from importers and some banks on strong global cues.
The next round of bad news could come from Europe, where banks in a number of economies such as Italy, Portugal and Greece are sitting on mountains of bad loans.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
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