Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
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.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Most of the index heavyweights are yet to declare their results.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
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
Sensex, Nifty end the day in red on unfavourable cues from global markets.
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.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
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
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Markets opened marginally higher helped by a rebound in index heavyweights
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
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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.
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.
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
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.
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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.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
