Stock market investors on Friday became richer by over Rs 1 lakh crore as the share market rose and the benchmark Sensex galloped to a new closing high enthused by the clear win of Narendra Modi-led BJP in Lok Sabha polls.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The year gone by saw the high and mighty of the corporate world face the music in the Delhi High Court which held that the telecom majors are amenable to CAG audit and Mukesh Ambani's RIL struggling hard to get rid of an FIR lodged on gas pricing by the 49-day-old AAP regime.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Creating history, leading exchange BSE on Wednesday peaked above Rs 100-trillion mark to scale a new record in terms of market wealth of all listed firms.
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Markets end in the red, midcaps in focus
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Markets opened marginally higher helped by a rebound in index heavyweights
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Investment announcement for $100 bn over 5 years likely.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
The focus is on corporate results at one level but global news will also have an impact
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Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The calculation excludes cross-holding of listed group cos in each other.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
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 market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
