Pharma stocks have performed well after Budget
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
Financial Technologies hogged the limelight after the stock plunged 65% today.
India Inc will report good set of numbers in Q4.
The broader markets were battered heavily. BSE Mid-caps and Small-caps indices fell between 1-2% on the BSE.
The latest circular from BSE that sought to cap the price movement of select scrips, especially the mid-, small-cap segments, traded on the exchange is not without a reason. A quick calendar year-to-date price check on the stocks from the categories put under 'Add-on Price Band Framework' by the BSE reveals a total of 210 stocks have seen their market price more than double. Among individual stocks, SC Agrotech, Adinath Textiles, Waaree Renewable Technologies, Steel Strips Infrastructure, Unistar Multimedia, Texel Industries, Raja Bahadur International and Hindustan Everest Tools from the BSE's X and XT group have rallied over 500 per cent during this period. Topping the charts is Gita Renewable Energy, which has zoomed 3,964 per cent to Rs 272.35 now from Rs 6.7 as on December 31, 2020.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Movement of rupee and crude oil prices will also dictate the trend
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
The derivatives expiry on Thursday is also expected to add to the volatility.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
There isn't much Budget could do directly to help sectors.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
IIP for November 2015 and CPI for December 2015 will be announced today.
It could be a tough week In the run-up to such an event, the market is always nervous.
The return from the ETF investment will be more than the 8.75 per cent the EPFO offers to subscribers now.
After oscillating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 per cent, lower at 39,020.39. It hit an intra-day low of 38,840.76 and a high of 39,327.15.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
Revival in domestic business should also help overall revenue growth.
RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
