India will be the global host this year for World Environment Day, with the theme "Beat Plastic Pollution".
SBI was the biggest gainer in the Sensex pack, rallying up to 12 per cent, followed by Sun Pharma, HDFC, Tata Steel, Bajaj Finance, Maruti, ICICI Bank and Bharti Airtel.
The Sensex opened with a positive gap of 67 points at 16,796. After advacing to a high of 16,844, the index slipped into the red to 16,668 - down 176 points from the day's high. It finally ended at 16,721 points, 23 points higher. The NSE Nifty settled with a loss of 23 points at 4,999. ACC was the biggest loser on the Sensex, down 5.5% to Rs 798. Reliance COmmunication and Rel Energy were down 2.89% and 2.73%. Hindustan Unilever was the biggest gainer, up 3.12% to Rs 249.35.
Top gainers in the Sensex pack included Sun Pharma, IndusInd Bank, RIL, ITC, Vedanta, Asian Paints, HDFC and Infosys, advancing up to 3.02 per cent.
Top gainers of the session included Bajaj Auto, Kotak Bank, M&M, Vedanta, IndusInd Bank, Asian Paints, HDFC Bank, Reliance Industries, HUL, HDFC, ITC, Tata Steel and Tata Motors, rallying up to 5 per cent.
M&M was the top gainer in the Sensex pack, surging 3.37 per cent, followed by Sun Pharma 2.53 per cent, Asian Paints 1.88 per cent, ITC 1.66 per cent, HDFC Bank 1.58 per cent and Tech Mahindra 1.51 per cent.
After swinging nearly 330 points, BSE Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57. Similarly, the 50-scrip NSE Nifty appreciated 53.35 points or 0.45 per cent to close at 11,910.15.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
Other losers were Tata Motors, Bharti Airtel, HCL Tech and Bajaj Finance, shedding up to 3.51 per cent. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.
ONGC was the top gainer in the Sensex pack, rallying over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC, TCS, M&M, Infosys and Maruti. NSE Nifty soared 306.55 points, or 3.21 per cent, to 9,859.90.
Second quarter numbers hint at a rocky road ahead with a slowdown in discretionary categories set to continue.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Over the past week, the BSE benchmark Sensex fell by 465 points to 28,717.91 and logged its worst weekly loss in nearly two months.
Top gainers in the Sensex pack included ICICI Bank, Infosys, Bajaj Finance and HDFC Bank, rising up to 2.67 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The valuation of CIL dropped by Rs 20,875 cr to Rs 2,27,926 cr
Valuation of TCS, ITC declines in the week
Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
Indicating that Hindustan Unilever (HUL) which sells almost 40 percent of its brands in thehinterlands will increase its focus on rural markets, the consumer goods major today called for convergence of urban and rural marketers so that prosperity spreads to the rural areas.
Future Group and V-Mart have put in place systems to prevent panic buying at their neighbourhood grocery stores.
Consumer goods major Hindustan Unilever on Monday posted a 21.91 per cent increase in net profit to Rs 1,062.31 crore in the quarter ended December 31 on robust sales across businesses.
Nirma detergent brand has shed its affordable tag for a more premium positioning against Surf, as rival Ghadi consolidates its position as a mass-market player.
He is a member of the Board of Directors of Whirlpool Corporation, Pearson and Qualcomm Incorporated.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While green shoots are beginning to emerge, with June sales rebounding to pre-Covid levels thanks to a rural revival, most FMCG chief executives have voiced concerns about localised lockdowns that began in July and have extended into August in some states.
Markets
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
SBI was the biggest loser in the Sensex pack, tumbling 3.29 per cent, followed by Tata Steel, ICICI Bank and Maruti, which shed up to 2.76 per cent.
The broader NSE Nifty rose 47.50 points, or 0.43 per cent, to 11,105.35. During the day, it climbed a peak of 11,141.75 and touched a low of 11,049.50.
Earlier in the day, the Kendriya Police Kalyan Bhandar circulated an order stating that 1,026 products manufactured by firms such as Bajaj, Dabur, VIP industries, Eureka Forbes, Jaquar, HUL (foods) and Nestle India will not be sold at CAPF canteens anymore as they are not 'swadeshi' or are prepared from 'purely imported products'.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
The list includes Hindustan Unilever, Asian Paints and Bharti Airtel - firms that investors feel are most likely to come up with the next big innovation.
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.