Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
The broader NSE Nifty gained 22 points to 10,480.60
IIP for November 2015 and CPI for December 2015 will be announced today.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
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Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Investors booked profits in recent gainers
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Oil & gas, banking and pharma sector stocks stole the show
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
UK operations of several Indian companies might take a hit.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The RBI has agreed to consider the application of India Post in consultation with the government.
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The S&P BSE Sensex dropped 207 points to end at 25,230.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
