Sensex,Nifty to remain under pressure through the week.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Heavy rains lashing Mumbai since Sunday have thrown rail, air and road traffic out of gear, with several trains and flights being cancelled. With IMD forecast of heavy rains for Tuesday, the authorities declared a holiday in the city and adjoining regions, asking people to avoid stepping out of their houses.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
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Most infra projects have hit a road block due to high cost of funds.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
RBI is expected to slash rates by 150 basis points till end-December 2016.
Sensex climbs higher at close, bluechip stocks in focus.
Infosys, Wipro and HUL among the top losers for the day.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
This was the near-unanimous replies of 10 market participants.
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
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Banks, real estate and metal scrips among the top losers.
Sensex ends in green, bluechips in spotlight.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Infrastructure stocks are once again gaining traction.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
Prime Minister Narendra Modi will leave for the Belgian capital as part of a three-nation tour during which he will attend the Nuclear Security Summit in Washington and visit.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
The sector hit many roadblocks during 2014, as builders were seen shying away from the projects and investments dried up amid various regulatory, judicial and policy-related bottlenecks.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Banks and realty among the most hit on account of high borrowing costs.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Participants are eyeing the Bihar elections.
'The defence minister needs to focus on human resources-related issues at the same pace in 2017 as he did on acquisitions in 2016,' says Brigadier S K Chatterji (retd).
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
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