Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
It is by now quite clear that in all likelihood the US Federal Reserve will hike interest rates in its next meeting in mid-December.
Mark Mobius, co-founder, Mobius Capital Partners, tells Puneet Wadhwa that investors should concentrate more on "value" rather than momentum, and on good small- and medium-sized companies rather than large-caps.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
The world economy is going through a tough phase.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
A strong showing will be vital to Narendra Modi's chances of a second term.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
But experts say downside limited, pockets of opportunities for investors
Having weathered many political storms since it was founded by Bal Thackeray to take up the cause of "regional identity" in 1966, Shiv Sena faces the challenge of positioning itself as "numero uno" in Maharashtra again as it turn 50 on Friday.
In the near term, the key driver will still be the government's fiscal spending.
First, there has been a significant softening in commodity prices - most notably oil.
Industry demands the basic customs duty on all steel imports to be raised to 25%
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
The India-Afghanistan relationship does not have to be a template of each country's relations with Pakistan, and Delhi will do well to leave it to Ghani to redefine the parameters of Afghanistan's security cooperation with India. A zero-sum mindset can only exacerbate regional tensions, says Ambassador M K Bhadrakumar.
