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.
Bank of Baroda ended flat after sharp gains in the previous session.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
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.
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.
'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.'
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Bandhan Bank is the first bank to be launched in eastern India post Independence.
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.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
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.
Nifty snaps 10-day winning streak
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
India is Asia's other bad debt headache.
Analysts have started talking about at least a 25 bps cut immediately.
PFRDA will invite bids to appoint pension fund managers.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
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?'
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
'It could tempt investors to pick stocks that are not fundamentally sound.'
Sensex in green in afternoon trade.
Raghuram Rajan's 'surgery' uncovers more bad loans
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
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