Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
The broader NSE Nifty gained 22 points to 10,480.60
As many as 142 stocks from the S&P BSE500 index are currently trading below their level of May 12, 2014
Flipkart will need $2 bn annual profit to make Walmart investment viable, which will mean yearly revenue of $100 bn
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
In the December quarter, Sensex earnings had contracted 5 per cent.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
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.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Most Asian markets were trading weak on Monday.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
In the April-June period, bond yields rose by 30 bps.
With outlook uncertain for a range of sectors, no one is quite sure of where to invest in stocks
The scrutiny is expected to be over this month itself.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
Gains were led by index heavyweights Reliance Industries and Infosys.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
With inflation down, the government's twin deficits are largely under control.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
Govt wants to up investment in Railways
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