The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
The Cabinet Committee on Economic Affairs has approved the proposal of GlaxoSmithKline Pte Limited, Singapore for acquisition of 24.33 per cent shares in existing Indian subsidiary company of GSK Group.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Investors will remain cautious ahead of F&O expiry.
Sensex remained volatile through the day.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
India Inc is ready to diversify into unchartered areas.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
On Tuesday, Novartis agreed to buy GSK's oncology products business for $14.5 billion, while selling its vaccines business, excluding flu, to GSK for $7.1 billion.
Import alert on Ranbaxy's Mohali unit; Strides' injectible arm gets warning letter
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
The company now plans to bet on health sciences, skin care and specialised products, says Arnab Dutta.
'They are starting to move more quickly and we would just like to continue to see bold action being taken.'
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
A new logo, colour and tagline were unveiled last month.
Savitri Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The branding initiative coincides with the company's expansion.
The focus is on corporate results at one level but global news will also have an impact
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
Ajay Piramal bets highly on infrastructure, realty
Move could be aimed at integrating operations with Indian subsidiary.
Just like China wants Trump to lose the US presidential poll, it may want Modi to lose the Lok Sabha polls. So months before the 2024 elections, China may take possession of an important area, say one of the Char Dhams, warns Sanjeev Nayyar.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The index gained 572 points, or 2.4 per cent, this week while the Nifty added 164 points, or 2.3 per cent
A glance back at some of the important ups and down Indian Inc faced in 2018.
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