Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
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.
Markets crashed due to domestic worries; bluechip stocks tanked too.
Right marketing and product strategy have helped Falguni Nayar build a beauty retail business.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
The 30-share BSE Sensex surged by 477.24 points or 0.83 per cent to close at more than one-week high of 57,897.48. As many as 28 of its constituents closed with gains while two declined. The broad-based Nifty of the National Stock Exchange rose by 147.20 points or 0.86 per cent to settle 17,233.45, tracking gains in Sun Pharma, Asian Paints, and Reliance Industries.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Bank of Baroda ended flat after sharp gains in the previous session.
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
Experts hail 2014 as the worst year for banks.
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Nifty snaps 10-day winning streak
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Analysts have started talking about at least a 25 bps cut immediately.
India is Asia's other bad debt headache.
PFRDA will invite bids to appoint pension fund managers.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
The Survey shows fiscal consolidation despite slowdown in growth.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Sensex in green in afternoon trade.
