The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
Investors booked profits in recent gainers
'When you don't have food to eat, will you be worried about the virus or the next meal?'
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
A squad of about 300 special Central Industrial Security Force commandos has taken over the security of a large Tata Steel manufacturing facility in coastal Odisha, making it the 7th private sector concern in the country to get armed cover by the paramilitary force to ward off terror threats.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
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.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
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.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
He becomes 2nd Indian to win this award; N R Narayana Murthy won it in 2003.
On the telecom sector, he demanded auctioning of more spectrum.
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.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
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.
Move to hasten rollout and, if successful, set a precedent for new banking firms.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
At a time of massive job losses that is what the much-vaunted Indian IT sector needs. Ritwik Sharma reports.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
'Indians are great savers, but they are lousy investors.'
Uber says it is engaging with state govt to explain why its business model encourages savings for customers.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
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