Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Other gainers included Nestle India, Asian Paints, Bajaj Finance, NTPC, L&T, Axis Bank and Bajaj Auto. On the other hand, TCS, ONGC, Infosys, HDFC and SBI were among the laggards. NSE Nifty surged 121.65 points or 1.03 per cent to 11,889.40.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
Investors who issued units in liquid and overnight funds, as well as those with a short-term holding of less than 30 days, are likely to be impacted the most, say experts.
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%.
M&M was the top gainer in the Sensex pack, rallying nearly 6 per cent, followed by Bajaj Auto, Titan, Bajaj Finance, HDFC Bank and PowerGrid.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Markets snapped their 8-day winning streak.
Earning woes drag markets lower; TCS, HUL lead fall.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
L&T was the top gainer in the Sensex pack, spurting over 6 per cent, followed by Hero MotoCorp, HDFC Bank, IndusInd Bank, Maruti, HDFC and HCL Tech. On the other hand, ITC, SBI and Bharti Airtel ended in the red.
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.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
Benchmark indices finished higher on hopes of economic reforms
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.
Indian companies' market capitalization has grown at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses. Further, retail investors have shown higher interest in markets and their numbers have increased by 1.42 crore in FY21 and another 44 lakh in April and May, they said in a note, wondering if this will be a lasting behavioural change or is transitory. The economists at the country's largest lender attributed the growth in equity markets to lower returns on other financial instruments amid a low rates regime, increase in global liquidity, and even a tendency to spend more time at home because of mobility restrictions which led many to trade more.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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 government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Punjab National Bank is the second largest PSU bank, in which government holding is 58.87 per cent.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Only NIIF has stayed the course as a viable infrastructure financing institution.
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.
The 30-share Sensex ended in the red.
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.
