While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Surging value of dollar may be posing the biggest threat to US corporate earnings.
The central bank measures though are also taking a toll on the banking sector, which is heavily reliant on short-term money markets for capital.
Many things could play spoilsport for the Indian economy.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
They believe that long-term story is intact.
The youngest winners of the thriving tech economy, many of whom came of age during the last financial crisis, aren't often interested in the ideas that attracted clients in the past.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Online shopping is becoming an obsession, a distraction and a cause of distress for a rising number of Indians. Are you a Compulsive Online Purchaser?
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