The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
The credibility of India in the eyes of foreign investors has also relatively gone up, with China's blunders in this crisis.
A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.
This weakness is likely to continue in the near-term.
Cheque payments will be safer; the limit for contactless card transactions hiked.
Markets crashed due to domestic worries; bluechip stocks tanked too.
India is not so worried about meeting fiscal deficit target.
The government last year introduced the Insolvency and Bankruptcy Code.
The session, which will continue till August 11, is likely to discuss issues like lynching incidents and vigilantism, the Kashmir situation and the border stand-off with China.
'I don't know how long the small-scale handmade sector can survive,' a shoemaker from Hisar tells Geetanjali Krishna.
The finance minister is likely to announce the government's vision for a tax-friendly regime by raising the I-T exemption limit from the current Rs 250,000 per annum.
We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
Mamata Banerjee said availability of land won't be a problem in Bengal as the state government has a land bank.
Govt is keen to push reforms in the insurance sector.
He also lashed out at the Congress for its opposition to the GST and for dubbing it as 'Gabbar Singh Tax'.
The stage is set for a showdown between the government and the Opposition over the GST or Goods and Services Tax Bill in the monsoon session of Parliament, which begins on Monday.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
The S&P BSE Sensex surged 217 points to end at 25,736.
With Parliament rocked by constant disruptions, Prime Minister Narendra Modi on Tuesday hit out at the Congress, accusing it of making a "mockery of democracy" and deciding to "destroy" the country as it cannot reconcile to the Lok Sabha poll defeat.
There are a few factors that can spoil the party
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
RBI Governor Raghuram Rajan on Friday sounded a word of caution about the new government's 'Make in India' campaign that assumes an export-led growth path of China and said instead it should be 'Make for India' that will produce for the internal market.
A tally around 150 in Gujarat can see the index hit 10,700 levels going ahead
Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.
He also took potshots at opposition parties' decision to observing November 8 as a 'Black Day', saying the move displays their faith in cash economy.
This is part of the government's move to improve infrastructure.
Catch all the action from the Monsoon session of Parliament, LIVE
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Unabated uproar by Congress members in the Lok Sabha on Tuesday invited the wrath of Speaker Sumitra Mahajan who called their protests "murder of democracy" and "hijacking" the rights of 440 members by 40-50 others in the Opposition.
The challenge before the government now is to use the factors that are favourable to its benefit.
The recent surgical strikes in Pakistan-occupied Kashmir are expected to grab limelight during the month-long session. Some parties have alleged that the government is trying to politicise it.
Narendra Modi's meeting with J Jayalalithaa in Chennai has set the rumour mills abuzz. Will the Tamil Nadu chief minister ally with the BJP ahead of the 2016 polls, asks N Sathiya Moorthy.
During the meeting that lasted one-and-a-half-hours, the prime minister asked his Cabinet colleagues to take up the "challenge" of reaching the message about the government's functioning to people through better connect with them.
The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices and potential global financial market volatility as downside risks to economic growth. In his address after the three-day meeting of the rate-setting panel, RBI Governor Shaktikanta Das said recovery in aggregate demand gathered pace in August-September, and it is reflected in high-frequency indicators, like railway freight traffic; port cargo; cement production; electricity demand; e-way bills; GST and toll collections. "The ebbing of infections, together with improving consumer confidence, has been supporting private consumption," he said, and added the pent-up demand and the festival season should give further fillip to urban demand in the second half of the financial year.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Congress leaders in the upper house called CAB unconstitutional, 'arbitrary executive fiat' to push Hindutva agenda.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
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