Markets closed in the red on domestic worries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Interest rate sensitive stocks gain ground post decision
The net sales growth declines 4.4% in September quarter, the second worst in eight years.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
'China was the elephant in the Oval Office and Trump would have sensed that Modi's foreign policy architecture has become disoriented sans the US' pivot to Asia,' points out Ambassador M K Bhadrakumar.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
In the past, the absence of commercially viable gas prices had not only discouraged high-risk new exploration activity but also hindered the development of some of the existing discoveries, such as the satellite fields in the Reliance Industries' eastern offshore KG-D6 block.
The Trump regime has informed the Congress that it 'strongly supports' transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.
Big ticket defence deals including purchase of missile systems, frigates and joint production of helicopters were sealed on Saturday.
Import duty on PVC, at 7.5%, is far lower than that prevailing in comparable economies.
While the government had in June approved a new formula for pricing of all domestically produced natural gas, the Cabinet yesterday allowed the same principles to also be applied to Reliance Industries' currently producing fields in KG-D6 block subject to certain conditions.
This is the lowest investment grade rating.
Industry demands the basic customs duty on all steel imports to be raised to 25%
'There is no change in the overall story of economic recovery.'
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