Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
Metals bucked the trend and shone across the board.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Sensex,Nifty to remain under pressure through the week.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
Sensex ends in green, bluechips in spotlight.
Sensex sinks into red at close on growth concerns.
Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
The surge in the stock market has failed to stem the trend of small-sized brokers shutting operations.
Rise in investor sentiment, return of risk appetite aid shares across the board
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Financials emerged as the top gainers while auto shares rallied on robust September sales
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The positive bias was aided by metal, realty and auto indices
ONGC was the top performer while private banking major ICICI Bank extended gains
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Bank shares were the top losers after sharp gains last week.
Banks stocks continued to trade weak along with FMCG major ITC.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
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