Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
As regards India, market valuations already reflect most positives.
'Vodafone Idea has losses running over Rs 10,000 crore in the last four quarters.' 'It has long-term debt of about Rs 1.15 trillion.' 'Even post-issue, the debt service numbers won't be good,' points out Devangshu Datta.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
The RIL stock has halved from an all-time high of Rs 1,626 made (intra-day) on January 15, 2008, to on Wednesday's closing figure of Rs 800.55.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
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.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Budget was a mild disappointment. Yet, the bull run continues.
Markets under pressure; IT financials grab spotlight.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
The Sensex has slid 18.5 per cent from its January 2015 peak.
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
'For how long can investors fund loss-making companies?'
Bank shares were the top gainers led by ICICI Bank.
The airline is gearing up to come out with an initial public offer.
He will be the eighth Deputy Governor to be made Governor at RBI
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Summary of sports events and persons who made news on Thursday
India's credit and banking are neither too big nor too small.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
IDS-2 and raids to uncover black money stash keep receipts flowing
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
A large number of successful IPOs ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, rose by nearly Rs 6 lakh crore during the year to Rs 106.23 lakh crore
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances