Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
To double its current turnover of Rs 13.53 billion in five years, the firm plans to generate 25 per cent of this consolidated revenue from FMCG sales.
This is the index's biggest single-day fall in almost a month
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
On the telecom sector, he demanded auctioning of more spectrum.
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High retail inflation is exerting pressure on households to cut expenses wherever possible.
Investors booked profits in recent gainers
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
Sensex ends belowe 26,800 on domestic concerns.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
Baba Ramdev's brand is pivoting away from franchise outlets and expanding its retail presence through the tried-and-tested channel distribution route of FMCG companies. Arnab Dutta reports.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
In 10 sessions Sensex rose over 8%
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Tamil Nadu Chief Minister Jayalalithaa credited Prime Minister Narendra Modi with spearheading investor-friendly initiatives, saying it will "enthuse" businesses planning to invest in states.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The winter session of Parliament will commence on November 26.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Its market capitalisation tops those of the 3 largest Indian firms combined
