Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
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More than 10% (40 of 498 companies) have lost at least half their market value.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
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Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Additional levy to eat into Rs 6,000-crore income of top promoters
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
'Indians are great savers, but they are lousy investors.'
Sensex ended strong, Tata Steel, HUL climb higher.
Markets ended at record closing highs for the second day in a row on institutional buying.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
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.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
In recent past, midcap stocks have performed well, say experts.
The progress on US debt ceiling talks, domestic inflation numbers and second quarter earnings of companies are expected to keep investors busy in the truncated trading week ahead.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
The global economy may just be entering a new phase.
More activity in the IT, health care, services sectors; manufacturing firms keeping fingers crossed.
The Sensex ended below 28,000 for the second straight day at 27,869.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
A glance back at some of the important ups and down Indian Inc faced in 2018.
The one common theme across companies that have rewarded shareholders is consumption.
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