Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Rise in crude oil price and rally in global equities aided the sentiment
Decision to build or buy a platform is a function of price but buyouts are helping large investors create a medium and influence outcomes.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Accumulated sum Rs 31,500 crore in 2015-16
After a volatile session, Sensex closed the day 563 points lower
Markets opened marginally higher helped by a rebound in index heavyweights
The fund industry may have embraced machines and robots, but managing money still needs the human touch
Sesnsex ended the day flat on heavy selling pressure.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
Licence winners are expected to be announced by the first quarter of 2014.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
"We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," acting principal deputy assistant secretary of the US, Thomas Vajda said.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
