Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Equity and oil markets can breathe easy for now, as the developments in Russia are unlikely to trigger a runaway rally in crude oil prices, said analysts. India, which imports nearly 80 per cent of its crude oil requirement, has been dependent on cheap Russian oil over the past few months to keep inflation - a sore point for the equity markets - in check. For the Indian markets that are expected to remain volatile amid these developments, analysts believe, the progress of monsoon, fund flows - both foreign institutional investor (FII) and domestic - and the upcoming corporate earnings season back home remain key.
The index had risen over 585 points in the previous three sessions.
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.
HDFC Bank's shares fell by 3.46 per cent to close the day at Rs 659 on the BSE. In intra-day session, the scrip lost 4 per cent to Rs 655.10.
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
In the Sensex pack, other gainers were Bajaj Finance, Bharti Airtel, Tata Motors, Hero MotoCorp, HUL, Asian Paints, HDFC duo and ONGC -- gaining as much as 2.87 per cent.
Asian Paints, Axis Bank, UltraTech Cement, IndusInd Bank and Bajaj Finance were also among the gainers. The NSE Nifty rallied 171.25 points or 1.52 per cent to 11,449.25.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Gains were led by index heavyweights Reliance Industries and Infosys.
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
The broader NSE Nifty gained 22 points to 10,480.60
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
M&M was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tata Steel, Bajaj Finserv, TCS, HDFC and Infosys. NSE Nifty declined 55.95 points to 17,076.25.
Mixed global cues and decline in crude oil prices further dent the sentiments.
The bear market has lasted 10 months and the Nifty is down by over 20 per cent from its all-time peak of 9,119 in March 2015.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
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.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
'The markets seem apprehensive and that explains why the markets have been feeling slightly uncomfortable ahead of the Budget.' 'After the event, when all the concerns are resolved and clarity emerges, markets will decide what to do next.'
Sensex climbs higher on favourable global cues.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
'Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.'
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Mutual funds, as experts and custodians of another set of retail investors' savings, play a speculative game they are neither supposed to nor equipped to do, cautions Debashis Basu.
