Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank. NSE Nifty sank 229.55 points to 14,637.80.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Shares of Motilal Oswal Financial Services, Edelweiss Financial Services and IIFL Holdings have all doubled in the past one year against the Sensex's 23 per cent gain.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Volatility is part and parcel of stock market.
The trends remained sluggish in the primary stock market
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Of the 30-share Sensex pack, 15 today closed in the red
Bank shares were the top losers along with index heavyweight RIL
Experts said a future rate cut would depend on the inflation.
While capital appreciation is better, paying regular dividend indicates that the company is making profits and is rewarding investors.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
The winter session of Parliament will commence on November 26.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
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The NSE Nifty went past the 8,600-mark for the first time since November 1.
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.
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Out of 30 Sensex shares, 19 ended lower while 11 gained
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Financials and auto stocks were the top losers while energy and IT shares recovered
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
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