Large and small businesses alike have delivered low-key performances.
Money managers have turned cautious about the technology space.
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
Unless the model is being phased out or is expected to get a facelift, buying in December makes sense
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The 50-share NSE Nifty was trading lower by 24 points.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
The recovery was led by information technology exporters.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Sun Pharma stock has appreciated at 35% a year for 20 years
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
India Inc has few leaders who are likely to grab headlines in 2015.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Investors booked profits at higher levels despite the growth oriented Budget.
Most of the index heavyweights are yet to declare their results.
Markets ended in green on rate cut hope.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Oil & gas, banking and pharma sector stocks stole the show
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
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