For July-September, it pegged CPI-based retail inflation at 4.2 per cent which it saw firming up to 4.8 per cent in the second half of the current fiscal.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
The new government needs to clearly insist on diplomatic reciprocal arrangements with China. While reciprocity is a function of power in bilateral relations, the Modi-led government's responses should be based on India'S inherent strengths, says China expert Srikanth Kondapalli.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
In recent years, China has refrained from taking a public stance on the India-Pakistan ties, expressing hope for resolution of the disputes through dialogue.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
'Trump forgets that Kim is not one who likes to be treated publicly as a pauper; he wants to come to the table as an equal, and from a position of perceived strength, not as a suppliant,' says Dr Rajaram Panda.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Data on the real value of the currency against other currencies tells a different story.
Raghuram Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
While stocks are at cheap valuations, the volatility can be unnerving.
The proposed overhaul of popular H-1B visa regime may result in higher operational costs and shortage of skilled workers for the $110-billion Indian outsourcing industry.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
India has not been able to compete with countries such as Bangladesh and Vietnam.
'The market movement will be largely driven by earnings growth.'
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
'We need to do more to accelerate growth.'
After a volatile session, Sensex closed the day 563 points lower
The rupee appreciated by 10 paise to close at a nearly six-week high of 60.29 against the US dollar in the previous session tracking a solid rally in local shares and continued dollar selling by exporters and some banks.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
Cricket West Indies (CWI) showed it was willing to welcome back top players on Thursday when it cleared Darren Bravo to play in all forms of cricket after the batsman apologised to the board and its president, Dave Cameron, for a Twitter outburst.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
About 2 million head of cattle are smuggled into Bangladesh annually.
"I am very impressed with India's ability to stand up and defy the international regime which has no regard for the food security of 600 million farmers and 800 million hungry people," says Devinder Sharma.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Any move by India to join the US navy for jointly patrolling the disputed South China Sea will be against its national interest, would divide Asian countries and further escalate regional tensions, a state-run Chinese daily said on Friday.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
'We need to take steps towards ease of doing business.'
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Nitin Gadkari and Prakash Javdekar lobbied Jual Oram to change process, that may now open a Pandora's box.
Praising the 'frank and business-like atmosphere' of the summit, the Russian leader said he considered the talks 'very successful and useful'.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
