Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Investors booked profits in recent gainers
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
Overnight, the Wall Street closed on a flatter note.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
More than 10% (40 of 498 companies) have lost at least half their market value.
Investors watch out for cues from the on-going winter session of the Parliament.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Both the indices ended at their highest levels since February 1.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
India Inc will report good set of numbers in Q4.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Signals received from the government in the past one year reflect a state of utter confusion, says Abhishek Tripathi.
When big offers hit the market, broader indices corrected 2-4%
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
These three blocks figure in the 'Schedule I' list of those coal mines, which are being auctioned afresh
In first half of year, firms raise more than banks on low US treasury rates.
The Sensex ended lower on unfavourable cues.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
HDFC and Infosys contribute the most to today's rally.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
