SBI had a bad day, sliding the most by 5.36%. Others that dragged the key indices down were M&M, Reliance Industries and L&T.
The largest financial institution, LIC, led the list of companies that paid up their advance tax this morning, with a spike in the amount to Rs 1,200 crore (Rs 12 billion) from Rs 1,070 crore (Rs 10.70 billion) a year ago, a senior income tax official said in New Delhi on Thursday.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
Three stockmarket experts give their best picks for the New Year.
Clarifies over the raging media controversy over its intent to exit
An appreciating rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend
'Our automakers export 50 per cent of what they manufacture and once the policy comes into play, which is in the next 2-3 years, we would become a Rs 10 trillion industry.'
Covering-up of pending short positions on expiry of the July derivatives contracts and a strengthening rupee propped up the markets at high levels
In the Sensex pack, Vedanta rallied 3.20 per cent, followed by Tata Steel, M&M, Tata Motors, ONGC, Hindustan Unilever, Maruti, Hero MotoCorp, HDFC, Bajaj Finance, SBI, HDFC Bank, HCL Tech, Coal India, Sun Pharma, Infosys, Reliance and Bharti Airtel, rising up to 2.69 per cent.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Rahul Dravid said India will have to find someone who can amass 500-odd runs in the series like Cheteshwar Pujara did the last time around.
Hindalco and BHEL among the top Sensex gainers
As Japan makes frantic efforts to deal with the nuclear radiation leaks from the Fukushima Daiichi nuclear power plant in the aftermath of earthquake and tsunami, Indian information technology firms have begun relocating the families of their Indian employees in the country.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.
Fund managers say the recent fall is not going to sustain.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
Top gainers in the Sensex pack include Yes Bank, TCS, Infosys, IndusInd Bank, HCL Tech, Bharti Airtel, HDFC, Sun Pharma, Bajaj Auto, ICICI Bank, Vedanta, Hero MotoCorp, ITC, Bajaj Finance, M&M and Tata Steel, surging up to 3.24 per cent.
India Inc gets about Rs 67,000 crore worth of fresh orders in the Sept quarter, a rise of 45% sequentially.
About a week ago, DGCA officials conducted surprise checks and grounded a Reliance Industries-owned 14-seater Falcon 900EX.
All BSE sectoral indices ended in the red, with oil and gas, bankex, capital goods and finance falling up to 3.04 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
'Landmark developments herald the end of two decades of stagnation in the army's modernisation plans,' notes Brigadier Gurmeet Kanwal (retd).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Govt wants domestic production so as to save foreign currency.
The overall breadth was neutral as 1,362 stocks advanced while 1,331 stocks advanced.
While for clients it has led to increased outsourcing, they are no more worried about which shore the service providers are executing the project in - offshore, onshore or near-shore - because remote working has become the standard norm in the industry, giving rise to a "no shore" kind of model.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
Two major hydel projects being built by construction majors GVK and L&T have suffered severe damages in the floods which hit Uttarakhand last week.
This metro line would be a 33.65-km rail link between Bangalore City Centre and Bangalore International Airport.
Larson & Toubro Limited (L&T) is scouting for engineering graduates with a love for engineering, a passion for excellence and a positive outlook. Do you have it in you?
The contract, according to the sources, include two different components - one for mainframe and IT infrastructure support and management.
L&T chairman and managing director A M naik has written a letter to Prime Minister Dr Manmohan ingh saying there is a conflict of interest in the way the defence ministry is organised.
IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors
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