Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
The dollar is king in an intermediate correction, says Sonali Ranade
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Banks stocks continued to trade weak along with FMCG major ITC.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Sensex, Nifty put up a good show in closing trade.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
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.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
Investors accumulated quality stocks at valuable and attractive levels.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Investors booked profits at higher levels despite the growth oriented Budget.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
The Sensex ended in red on domestic concerns.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The Survey shows fiscal consolidation despite slowdown in growth.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Sensex seems to be under pressure on weak cues.
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