The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
In December 2019, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country's largest strategic divestment in Bharat Petroleum Corporation (BPCL). The multinational major quoted just Rs 1; the second-highest bidder, SBI Caps, reportedly quoted Rs 15-17 crore. For Deloitte, the motivation was to bag a prestigious deal adding a national energy company to its portfolio. No doubt, it expected BPCL to go to a marquee buyer in quick time.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Markets snapped their 8-day winning streak.
Earning woes drag markets lower; TCS, HUL lead fall.
The Survey shows fiscal consolidation despite slowdown in growth.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Benchmark indices finished higher on hopes of economic reforms
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website. Jimmy Patel, MD and CEO at Quantum AMC, says: "The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong response from investors, and fund houses need to deploy that money in the markets.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Punjab National Bank is the second largest PSU bank, in which government holding is 58.87 per cent.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
The 30-share Sensex ended in the red.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
Pharma shares extended losses after the government's ban on combination drugs.
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Positive cues from Asian peers also uplifted the sentiment.
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