The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
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Losers included Bharti Airtel, SBI, Wipro, Vedanta, Maruti Suzuki, ICICI Bank, Axis Bank and Reliance Industries, falling up to 2.18 per cent.
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While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 per cent, followed by Reliance Industries (2.44 per cent), Maruti (1.84 per cent), SBI (1.76 per cent) and Bajaj Finance (1.23 per cent).
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
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HDFC and Infosys contribute the most to today's rally.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Markets closed the day in green on favourable domestic factors,
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
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Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Markets closed in the red on domestic worries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Benchmark indices plunge 4.7% in the first full week of 2016.
The broader markets are, however, outperforming the larger peer.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
"The 21,000 level is meaningless. In the past five years, earnings have grown 40 per cent. One should look at the P/E. We are very positive on the market despite elections being around the corner," says Milind Barve MD, HDFC AMC.
The 30-share barometer started higher, but lost its way soon after the railway budget.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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 problem for the NBFC sector is the funding inertia by banks and not lack of funds.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
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