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State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The rally in most of these stocks is partly attributed to impressive financial performance.
Asian shares ended higher after a string of positive US economic data.
Banks stocks continued to trade weak along with FMCG major ITC.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Indian basket at 6-month low of $49.11 a bbl
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Rise in investor sentiment, return of risk appetite aid shares across the board
Markets ended in green on rate cut hope.
Markets crashed due to domestic worries; bluechip stocks tanked too.
These firms offer job security and lucrative salries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
#GiveItUp but no matching LPG connections for BPL
Govt diverts Rs 253-crore subsidy savings to the poor.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Many believe that marketing budgets could be a hurdle.
Look at reaping the first-mover advantage by possessing lands in AP's newly-announced capital city.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
But he is actively pursuing greenfield steel plants in Karnataka and Jharkhand; ultimately, only one of these might come up.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
The companies' underrecoveries stood at a whopping Rs 1,39,869 crore last financial year. Of that, Rs 62,837 crore was accounted for by diesel alone.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Markets ended at record closing highs for the second day in a row on institutional buying.
The broader markets, however, outperformed their larger peers.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The broader markets also ended lower in line with the benchmark indices
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