Several MF managers are trying to tell their investors that it could be the best time to invest as India is different.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Many things are going unnoticed by India watchers.
The 30-share Sensex ended down 215 points at 27,011.
The derivatives expiry on Thursday is also expected to add to the volatility.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Aditya Puri thinks the government is on track.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Reliance Industries leads the pack of 56 Indian companies.
Banking and telecom will see the highest impact of this transition.
Analysts say there is still no visibility of earnings improvement.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Close to a million small shareholders have stake in nine NCLT-bound companies
The S&P BSE Sensex ended 190 points up at 23,382.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Early last year, the company had said it aimed to reduce its debt, which stood over Rs 21,000 crore then, to Rs 10,000-11,000 crore (Rs 100-110 billion) through the sale of non-core assets and improved cash flows.
The rally followed the govt's plan to bolster state-owned lenders.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
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The Reserve Bank of India late on Wednesday unveiled rules to restrict how much its citizens and companies can invest abroad and announced additional curbs on gold imports.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The S&P BSE Sensex plunged 128 points to end at 25,102.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Indices reversed all its losses during late trades.
he reason behind the cut in policy rate seems to be a slowing economy
'Credit expansion is probably the quickest way to get the economy going again.' 'Easy credit is like a shot of nitro in a race car: In timely, small, quick, doses it can give a tremendous boost but carried to extreme it can destroy the engine,' points out S Muralidharan, former managing director, BNP Paribas.
