The NSE Nifty settled at 10,234.65, down 225.45 points, or 2.16 per cent.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
It appears that most experts feel that domestic markets are reacting to the fall seen in the global markets.\n\nHere's how experts view the turbulence today?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
While capital appreciation is better, paying regular dividend indicates that the company is making profits and is rewarding investors.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Reason for rejection hasn't been stated; deal among seven rejected transactions.
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
From its all-time peak of 38,989.65 scaled on August 29 this year, the Sensex has fallen by 2,921.32 points, or 7.5 per cent, to 36,068.33.
'The announcement has come too late. This should have been done years ago.'
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
Infosys was the worst performer among the bluechips on both the key indices.
TCS is the country's most valued firm with a market capitalisation of Rs 687,123.96 crore
The Street was following the Karnataka election closely as a test for the Modi-led BJP's prospects in the 2019 Lok Sabha poll. Investors, however, are likely to wait for the next round of state elections to judge whether the momentum is still with it.
Amid heated debate on algorithm based trades, ace investor Rakesh Jhunjhunwala today backed this form of trading, and questioned the need to regulate it.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Life insurers are launching these again. Invest if you are conservative.
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
NTPC was the top gainer among the Sensex stocks, rising by 3.53 per cent. Coal India, ONGC and Sun Pharma also rose up to 2.41 per cent.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Bank shares were the top losers along with index heavyweight RIL
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.
Experts said a future rate cut would depend on the inflation.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
The broader Nifty ended on top of 9,800 again.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
On BSE, 1,826 shares declined and 982 shares rose, while a total of 194 shares were unchanged
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
