Nifty snaps 10-day winning streak
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The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Rise in crude oil price and rally in global equities aided the sentiment
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.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
Sensex climbs higher on favourable global cues.
India's GDP for the three-month period ended September 30 grew 7.4%.
Sensex, Nifty end the day in red ahaead of F&O expiry.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
After supermarket giant Walmart, it is online retail major Amazon which has begun lobbying with the US lawmakers to seek their support for facilitating its "foreign direct investment in India".
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
The Indian government has simplified FDI policy inorder to attract global retail chains.
The reported controversial remarks of President Pranab Mukherjee on Bofors issue to a Swedish daily have no bearing on his upcoming tour of Sweden, the first State visit, beginning on May 31, External Affairs Ministry said in New Delhi on Thursday.
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Modi government has taken some interesting policy decisions in the 100 days since the time he met President Pranab Mukherjee to present his claim as Prime Minister of the world's largest democracy, says Tanmaya Nanda.
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