Sensex, Nifty end the day in red ahaead of F&O expiry.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
Sesnsex ended the day flat on heavy selling pressure.
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
The progress of the GST Bill in Parliament is also likely to remain in focus
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Coal India was the biggest gainer on both Sensex and Nifty
Gains were led by index heavyweights with Reliance Industries contributing the most.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
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Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
Sensex is trading firm; FMCG, real estate going strong.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
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In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
The broad market depicted strength. 1,525 shares rose and 1,131 shares fell. A total of 156 shares remained unchanged
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Index heavyweights ITC was the top gainer along with RIL and HDFC
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Financial shares were among the top gainers with HDFC leading the gains.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Financial shares were among the top Sensex gainers along with auto and pharma shares.
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The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
L&T, ONGC and banking scrips power gains in today's trade
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
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
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.