The May Nifty option chain and the three-month Nifty chains offer several signals worth noting.
Dealers expect prices to fall further, owing to an impending rate hike in the US
The policy statement by the RBI governor is also expected to be upbeat.
RBI Governor Raghuram Rajan expressed anguish at the banks' reluctance to pass on benefits of the earlier rate cuts.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
Investors booked profits at higher levels with oil shares leading the decline
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
'Success will require political skill, not just economic expertise'
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
Low oil prices also means effectively transfer of wealth from the producing nations to the consuming nations
The repo rate or the short term lending rate was increased to 7.5 per cent from 7.25 per cent.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The BSE Mid-Cap index was currently down 1.25%
The country has produced a record harvest, but many farmers in the onion bowl of Maharashtra have lost a large share of their crop damaged in storage, adding to the country's inflation woes.
Prices of broiler chicken had hit the record high in June on supply shortage following the government's decision to cull thousands of birds in the states with Avian Influenza outbreaks.
Unless supported by investment, any spark of a recovery could be temporary, hint economists.
'The focus is more on the outlook for global growth'.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
Sensex lacklustre, bluechips in focus.
RBI has brought down forecasts of both year-end inflation and growth.
Sensex, Nifty end the day in red ahaead of F&O expiry.
Monsoon is expected to be normal in June.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
Gold is currently ruling at Rs 30,050 per 10 grams.
Celebrating one of Bollywood's finest cult classics, as it turns 20.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Markets ended weak tracking the expiry of April derivative contracts.
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
Park only savings that need not be touched for many years, says Devangshu Datta.
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Climate change and US-India collaborations in renewable energy resources will be up for discussion at the US-India energy summit coinciding with Prime Minister Narendra Modi's visit to Washington, DC, later this month, reports Aziz Haniffa.
