The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
The central bank maintained its bias towards a rate hike.
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
Aditya Birla Money MD talks about liquidity concerns in the market.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
India's exports are unlikely to get an immediate boost from a depreciating rupee, which touched an all-time low on Monday, driven by rising commodity prices. The rupee fell to 76.97 against the dollar earlier in the day, settling 1.05 per cent weaker than the previous close. Oil prices soared to their highest since 2008 on Monday at $139 per barrel, after the US and European allies explored a Russian oil import ban, while delays in the potential return of Iranian crude oil to global markets increased supply fears.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
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Given the 18-day government shutdown in the US and the likelihood for continued wrangling between the Democrats and the Republicans, it now looks like tapering may be off the table till the first quarter of 2014.
The rupee recovered 20 paise to close at over three-week high of 60.47 against the US dollar in the previous session on Friday following strong local equities and capital inflows.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
It's difficult to understand if GDP growth has actually improved.
Oil & gas, banking and pharma sector stocks stole the show
Inflation is down and there's every chance that crude prices will be subdued through the next year.
History would indicate that a recession is not that far off.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Given the relative rates of gross domestic product growth, the differential will increase.
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