After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
Most of the index heavyweights are yet to declare their results.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
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.
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
Premiumisation, improving demand aid realisation growth at most large firms
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
At the BSE, 1,964 stocks declined and 871 advanced while 99 remained unchanged.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
After a group of young hackers beat companies that claim to spend a bomb on cyber security, Karan Choudhury reports on just how easy it is to exploit digital wallets.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
The recent drone scare at London's Gatwick airport has exposed the lack of preparedness against drones, says Pranjal Sharma.
The entire gamut of China's activities is aimed at keeping India on tenterhooks, cause fatigue to its troops and keeping its security system unstable, so that it cannot play a meaningful role in international geopolitics as an effective partner of the US and Japan, observes Lieutenant General Syed Ata Hasnain (retd).
Rumours of which tycoon is close to which minister will soon start floating, and those could affect prices in the short term.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
HDFC and HUL are the latest entrants in the club
The seventh round of talks between protesting unions and three central ministers ended inconclusively on Monday as the farmer leaders insisted on the repeal of the three contentious farm laws right from the beginning, even as the government listed various benefits from the Acts.
'Everything will be decided by the Centre.' 'Universities will have no autonomy to start a new course or introduce a new syllabus.'
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
RIL has been selling gas from KG-D6 at the same price since it started production in April 2009.
Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
Both the indices ended at their highest levels since February 1.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Oil tanked to a 7-year low as OPEC decided to maintain production.
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
