At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.
Markets ended in green on rate cut hope.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Caution prevailed across the bourses ahead of the Union Budget.
The broader markets are outperforming the benchmark indices.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
This analysis is based on the quarterly earnings for 724 companies.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Bharat Petroleum Corporation Limited (BPCL), Bangalore scored a surprise 4-1 win against Oil & Natural Gas Corporation (ONGC), Delhi in the final of the DCB Presents Aga Khan hockey tournament -- 2011, at the Bombay Gymkhana ground, on Saturday evening.
Oil & Natural Gas Corporation (ONGC), Delhi, rode on a fine hat-trick from Akashdeep Singh to trounce Indian Oil Corporation (IOC), Bangalore, 5-2, while Bharat Petroleum Corporation Limited (BPCL), Bangalore, struggled to overcome South Central Railway (SCR), Secunderabad 1-0 in the semi-finals on Friday.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Weakness in Infosys, L&T and Hindalco cap index gains.
The S&P BSE Sensex ended 190 points up at 23,382.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
We won't see a bigger decline in mining going forward, but it might remain flat in July-August 2014.
The 30-share Sensex ended down 215 points at 27,011.
The company has fixed February 9, 2011 as the record date for ascertaining the eligibility of the shareholders, who would be entitled to receive sub-divided shares and bonus shares, it said in a separate filing to the BSE.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Sensex, Nifty end lower on global concerns.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Index heavyweights were the top losers along with bank shares.
India Inc will report good set of numbers in Q4.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
The affidavit came in response to the government moving the Delhi high court seeking to block Reliance selling 20 per cent stake in its oil and chemical business to Saudi Aramco for $15 billion, in view of pending dues of $3.5 billion in Panna-Mukta and Tapti oil and gas fields. Countering the charges, RIL said it was a 'falsehood' and the petition is an abuse of process.
Sensex ends lower; govt schemes in focus.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Monsoon is expected to be normal in June.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
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