Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
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.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
In the forward market, the premium for dollar moved up on fresh paying pressure corporates.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
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The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
'Our technology is going to help Indian agriculture the way the White Revolution helped milk production.'
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Reports have suggested Rs 400-650 as the possible IPO price
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
China's economy is in transition, with rising wage costs and massive overcapacity.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
The positive bias was aided by metal, realty and auto indices
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
Bank of Baroda ended flat after sharp gains in the previous session.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
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Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Sensex ended strong, Tata Steel, HUL climb higher.
Amid improving fundamentals, the bank is keen to double the corpus over the next year and a half, said a senior official.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
China is estimated to grow at 6.7 per cent in 2016.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
For now, the upside appears to offset damage done to exports by weaker global demand.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
Financials are the top gainers along with index heavyweights.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
There are good reasons to believe that India is at the start of a long period of growth for equities.
Sensex lacklustre, bluechips in focus.
Its time the RBI, govt pushes reforms to boost global investment
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
