The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
The market breadth was negative. Out of 2932 stocks traded, 1306 stocks advanced while 1485 stocks declined.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Sensex is under pressure due to concerns in the global market.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
HCL Technologies and Infosys should benefit more than TCS and Wipro
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
The broader markets also ended lower in line with the benchmark indices
Sensex dull at close, Infosys rules, ITC drags.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Finally, the Sensex touched 12,000 mark for the first time since April 20 in late trade but could not sustain it.
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Sensex in green in afternoon trade.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a loss of 490.52 points or 1.71 per cent.
The auto sector has been among the worse-hit in terms of sales in the past two years.
Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.
Analysts say lack of strong moves in stocks or sectors contributed to markets moving indecisively.
FIIs have offloaded stocks worth Rs 13,110 crore
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
When there is panic, you get an opportunity to get your hands on some of the good stocks.
The shares could continue to see outperformance if the Budget assumptions are proved correct
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
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