Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
The British pound was down nearly 9 per cent in early morning trade.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Tehelka magazine said two years ago the German government had passed on the names and bank account details of 18 Indians who had invested their wealth in the LGT bank in Liechtenstein, a well-known tax haven.
Some landowners had alleged that Adani was 'misleading' the public.
China has demonstrated that it has the power to not be isolated, and it is likely to become more powerful over time.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Ola Electric's technology team is working hard to iron out the technical kinks that marred the electric vehicle company's hyped online sale of its electric scooters (e-scooters) - the S1 and the S1 Pro - on Wednesday, said company sources. The SoftBank-backed firm is facing technical difficulties in making the website live for the purchase of its e-scooters. According to company sources, the website couldn't go live as there were integration issues.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
Top losers include ONGC, SBI, PowerGrid, L&T, Yes Bank, Asian Paints, Bajaj Finance, Maruti and NTPC, falling up to 2.84 per cent. On the other hand, gainers include Tata Motors, TCS, HDFC, HCL Tech, Infosys, ITC, HDFC Bank and HUL, rising up to 2.18 per cent.
India has emerged as one of the most favourable destinations of European and American investors among the Asian nations.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
But gains in the rupee were kept in check as domestic shares faltered, ending a five-session gain.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
India and Italy inked 15 pacts and finalised an ambitious action plan to further expand their ties following a virtual summit between Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte that primarily focused on ramping up economic engagement.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Macro and micro environment are becoming more challenging.
A falling rupee and lower foreign buying in equities are signals investors should watch out for, says Devangshu Datta
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
While a company spokesperson said Bharti would either dilute its stake or exit the venture, the fund house is trying to rope in a bank to strengthen its distribution network. In addition, an asset management venture is seen to have closer links with banks, which are looking to offer a wide range of financial products.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Investors booked profits in recent gainers dragging the indices into losses
I still hold 25 per cent in equities, says Marc Faber.
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Non-resident Indians (NRIs) are very positive about India
More and more Indians are opting for offshore properties as a second home in exotic locations.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Moody's expects macroeconomic policies to contribute to sustained robust growth.
European countries like Spain, Greece and Italy are among the latest property buying destinations for Indians in the holiday home segment after prices have crashed there, according to industry analysts and consultants.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
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