The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
IMF report says billions more cash and debt relief needed
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
Budget is widely seen as a test of Prime Minister Narendra Modi.
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
It's the beginning of a rate reduction cycle
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
According to a new report published by Switzerland-based BIS, which is also referred as 'bank for central banks', the US Federal Reserve's announcement of a possible phasing out of easy money regime has resulted in 'abrupt and sizeable' equity market losses in both advanced and emerging markets.
In recent past, midcap stocks have performed well, say experts.
Markets ended weak tracking the expiry of April derivative contracts.
Aditya Birla Money MD talks about liquidity concerns in the market.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Fed is still concerned about weak export growth.
11th-hour debt restructuring programme offered no concessions to creditors
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
A British court on Tuesday opened the continuation appeal hearing in the extradition case of Nirav Modi, who is wanted in India on the charges of fraud and money laundering amounting to an estimated $2 billion in the Punjab National Bank (PNB) loan scam case. The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over an initial hearing at the High Court in December last year to determine whether District Judge Sam Goozee's Westminster Magistrates' Court ruling from February 2021 in favour of extradition was incorrect to overlook the diamond merchant's "high risk of suicide".
Athens bowed to demands to phase out tax breaks for its islands.
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
The breadth, indicating the overall health of the market, turned negative from positive
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The rally in index heavyweight ITC has boosted the sentiment across the board.
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Given the 18-day government shutdown in the US and the likelihood for continued wrangling between the Democrats and the Republicans, it now looks like tapering may be off the table till the first quarter of 2014.
Inter have got through two-legged ties in all nine of their previous meetings with Olympique Marseille.
History would indicate that a recession is not that far off.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
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