Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
The 30-share Sensex ended down 215 points at 27,011.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The one common theme across companies that have rewarded shareholders is consumption.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
'EVMs are absolutely credible, they are robust.' 'It's only a calculator with certain instructions. And the sim card inside an EVM is burnt and cannot be reprogrammed.' 'Besides, the machines are circulated among various states. No machine is allowed to remain in one state after an election.' 'By far, it is one of the finest innovations India should be proud of.'
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
.jpg)
Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
