Sharp fall in capital goods production and manufacturing activity also dented sentiments.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Amazon is working on deepening its engagement with young technology companies in the country.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Sources close to the development said the three companies have sought permission from the Insurance Regulatory and Development Authority for new motor insurance products and are expected to launch the add-on covers in the first week of January. Add-ons are expected to be in the form of a replacement vehicle or payment on a daily basis when the vehicle is out for repair, and reduced or zero depreciation.
The BSE Mid-Cap index was currently down 1.25%
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
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.
A long-time driver of SUVs from Tata Motors, Rajesh Karkera/Rediff.com steps on the gas with the Bolt, the new turbocharged petrol hatchback and comes away impressed.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
In a journey of Marco Polo-esque proportions, Meenakshi Arvind and Mookambika Rathinam drove through 24 countries and two continents over 72 days. Meenakshi and Mookambika tell Rediff.com's Archana Masih about their incredible, unforgettable, journey and the desperation for Gandhi in a dark corner of the world.
The sentiment around Indian equities remains positive and unchanged.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Markets shrugged off RBI's neutral stance on key policy rates.
Markets end higher ahead of Fed outcome, China stimulus
Ahead of PM Modi's maiden visit to the UK, the British media today said "troubles at home" after the BJP's drubbing in the Bihar elections will overshadow his visit.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Technical rallies and short covering may arise only if the markets break this 500 point band
'For the time being, the party to put on hold induction of TMC leaders and focus on strengthening its grassroot level organisation.'
Investors turn their attention to export-driven sectors.
TCS still ace in the pack
Delhi-based tractor maker Sonalika Group and Kolkata-based Global Automobiles have already announced their decision to take on the Tatas
The positive bias was aided by metal, realty and auto indices
To merge arms, sell stake in combined entity to CIE for Rs 770 cr; to use proceeds to buy 13.5% in Spanish firm for Rs 740 cr
Turns down firm's plea for stay on CCI order; final order pending
The Audi mobile showroom will tour 30 cities over the next two years.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Market linking of petrol and diesel prices has helped the industry.
International pay packages have soared 10-30 per cent at IITs.
The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
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