Financials and auto stocks were the top losers while energy and IT shares recovered
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Eight Indian companies, including Reliance Industries, Bharti Tele-ventures and software giants Infosys and Wipro have made it to the Forbes A-List featuring 400 most attractive companies for investors.
The Dow has never lost more than 800 points in a day.
All in all, Cairn India shareholders are getting a 9.1 per cent premium based on closing prices of July 22
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
FM has agreed to dump an ill-conceived plan to slap a retrospective 20% levy on overseas asset managers
The value of oil imports decreased by 37.5%.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
Gold prices spurted to set a new closing peak at Rs 9,200 per 10 gram on the bullion market on Tuesday on aggressive buying by stockists and jewellery fabricators triggered by surging overseas trend.
India would be a major beneficiary of softer oil prices among the G20 economies as the country is a major crude importer.
'Businessmen like Rajiv render public service when they speak truth to power,' observes Virendra Kapoor.
Oil & gas, banking and pharma sector stocks stole the show
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Britain's 'remain' option gaining traction, with the implied probability of such an outcome at 78 per cent.
On the sectoral map, consumer durables stayed in the lead by surging 2.39 per cent, followed by realty index, oil and gas and infra.
The search for that one stock that transforms a virtual beggar like me into a profligate millionaire might be over, says Mudar Patherya.
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
'Kindly advise about the following stocks. Can I hold or exit?'
Swati Kulkarni, executive vice-president and fund manager - equities at UTI Mutual Fund tells Puneet Wadhwa that though mid-and small-cap companies are trading at a higher valuation as compared to large-cap peers, one can still find value in select pockets.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, Abhinav Khanna, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
India must reckon with the possibility that it will struggle to attract higher overseas investment.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
'Rising Covid cases and localised lockdowns are being closely monitored.'
Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
The rupee largely shrugged off the high volatility in stocks and rebounded sharply towards the fag-end trade following bout of dollar selling by exporters
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
In these times of global uncertainty, be cautious in selecting the right market and fund.
Investors still seem to have a disinflation bias to their thinking.
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