The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Sesnsex ended the day flat on heavy selling pressure.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
These consistent performers are expected to maintain momentum.
Indian retail investors continue to sell gold ETFs.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The economy hasn't gathered even half the traction that some of us assumed it would just a year back.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
So what money lessons did we learn after watching Rohit Sharma's magnificent, world record inning unfold? Read on...
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Parekh says drafting new I-T law is hindered by the lack of experience.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The Sensex ended up 244 points at 28,504 on strong global cues.
The recovery was led by pharma majors led by Dr Reddy's Labs.
Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
Market breadth is positive with 942 advances and 196 declines.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Additional levy to eat into Rs 6,000-crore income of top promoters
A customer wanting to buy a car would have to wait a long time for delivery.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
