Reliance Industries, which sold stake worth $21.7 billion in Jio Platforms, kept the league tables moving in spite of the pandemic.
Barring oil and gas, all BSE sectoral indices finished in the green.
Little-known retired swimmer Naoko Imoto will be a last-minute stand-in to receive the Olympic flame during a scaled back handover in Athens on Thursday, Tokyo 2020 organisers said. The Tokyo 2020 team had contacted Imoto, who lives in Greece, only hours before making the announcement on Wednesday evening in the Japanese capital.
If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
The rise in bond yields would make it difficult for banks to pass on rate cuts as except for retail loans, most of their legacy portfolio are linked to marginal cost based lending rate, which takes into consideration bond yields.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
The NSE Nifty closed lower by 44.55 points, or 0.39 per cent, at 11,234.35. Intra-day, it shuttled between 11,332.05 and 11,210.90.
Fund managers have favoured stocks in the financial services and automobile spaces, which include IDFC, PNB, Maruti Suzuki and Hero MotoCorp.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
Both indices are down nearly 9 per cent from their all-time highs in mid-January. A sharp reversal seems difficult this time as the peak impact of the virus is yet to play out.
Larsen & Toubro, country's biggest engineering and construction major, said its net profit dropped 12 per cent.
The Sensex opened with a positive gap of 102 points at 12,747
Noted scientist R A Mashelkar and yoga guru B K S Iyengar were on Saturday chosen for this year's Padma Vibhushan, the second highest civilian honour in India, while cine star Kamala Haasan, author Ruskin Bond and late former chief justice J S Verma were selected for the Padma Bhushan.
Markets end marginally higher supported by IT shares as Infosys's Q3FY14 results boosted sentiment.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
The 30-share benchmark index saw a mild recovery before ending at a new closing high of 25,583.69, up 3.48 points or 0.01 per cent.
Covering-up of short positions by speculators ahead of September month expiry in the derivatives segment on Thursday also helped the market stage a smart rally.
The CM announced ex gratia of Rs 4 lakh each to the next of kins of those killed.
The biggest gainers on both the bourses were Reliance Industries, Infosys, NTPC, ONGC, HUL, PowerGrid, Asian Paints, ITC and HCL Tech, rising up to 2 per cent.
"We humbly request to you to alleviate some of the hardships that we and engineers have been facing, by ensuring that the new Jet management does not further delay our pending salaries dues at the earliest," NAG general secretary Tej Sood said in an e-mail to SBI chairman Rajnish Kumar.
Any reduction in devolution could aggravate the strained relations between the Centre and some opposition-ruled states on a number of issues, including CAA.
The 30-share Sensex ended at 20,725 down by 42 points after topping the 21,000 mark while the 50-share Nifty ended down 14 points at 6,164 after hitting a high of 6,252 during the day.
It was a third consecutive day of equity market closing in red this week after a stellar rally seen earlier.
Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.
Asian stock, bond and currency markets took another big hit after a fresh spike in US interest rates re-ignited concerns about capital flows from the region and forced investors to pare back their Asian portfolios.
The move comes at a time when consumers are shunning high-quality coal, which has become costlier than prevailing market rates globally.
Shiv Sena chief Bal Thackeray was on Wednesday discharged from Lilavati Hospital in suburban Bandra, eight days after he was hospitalised.
The global brokerage has also lowered the growth forecast to 6.8 per cent for the 2014-15 fiscal.
Benchmark shares indices ended marginally higher on Tuesday, amid a volatile trading session, led by oil exploration major ONGC.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
State-un insurer LIC has pared its stake in Infosys to 5.96 per cent, reducing its holding in the IT major in the last quarter with an estimated sale of shares worth over Rs 2,000 crore.
Markets pared early gains to end lower on Tuesday amid selling pressure in IT, FMCG and oil shares.
Forex dealers said continued capital inflows and a weak dollar overseas also supported the local currency.
Markets pared early gains to end lower weighed down by selling pressure in FMCG, oil and auto shares.
Jet Airways shares fall as much as 13.6 per cent after media reported that the deal with Etihad may be called off.
In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
The market breadth in BSE ended unhealthy with 1,203 shares declining and 894 shares advancing.
