Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Caution prevailed across the bourses ahead of the Union Budget.
Sensex, Nifty end lower on global concerns.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Sensex ends lower; govt schemes in focus.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
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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.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
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.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The global economy may just be entering a new phase.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Investors booked profits at higher levels with oil shares leading the decline
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Sensex lacklustre, bluechips in focus.
Sensex ended strong, Tata Steel, HUL climb higher.
For the seven months since February 2014, the benchmark index surged nearly 27%.
