Macro and micro environment are becoming more challenging.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
The BSE Mid-Cap index was currently up 0.81%.
Rising for the second session, the Indian rupee on Thursday climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
There are already some signs of stress in this market.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
Global liquidity expected to continue amid ECB stimulus
Domestic equity markets opened with losses which capped the rupee gains.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
'Because it is the only public sector company in this sector, currently.'
Tough conditions imposed by global lenders could cause an outcry.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
With the Swiss government showing eagerness to help India trace suspected black money hoarders, banks based in Switzerland appear to be losing traction among the wealthy Indian clients and could not get much business commitments during the just-ended WEF summit.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
Metals bucked the trend and shone across the board.
The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar on Wednesday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Rupee ends day stronger against the dollar.
Euro zone leaders clinched a deal with Greece on Monday.
A day ahead of a crucial G20 meeting, External Affairs Minister S Jaishankar on Wednesday evening hosted a welcome dinner for the foreign ministers attending the deliberations but the reception was missed by his counterparts from the US, China, Germany and France.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
The situation in Greece worsened with banks closed for a 2nd week.
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
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
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Officials said Sebi is closely in touch with RBI on the market developments.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
Unless there is a sharp uptick in oil prices, Fed may push back rate hike
'The Ruble is now down 50 per cent and worth less than one American penny since Putin announced his war'
Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the U.S. Federal Reserve not long after, tempering future gains.
The silver lining is that a pick-up in the US economy could help emerging market exports.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
The markets stayed on edge last week due to the endless saga of Greece's problems.
However, the central bank is yet to implement the government directive, which was issued after a decision of the empowered Group of Ministers, director general of the export promotion council for EOUs and SEZs L B Singhal said at an Assocham function in Chennai.
