IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Out of 30 Sensex shares, 19 ended lower while 11 gained
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Financials and auto stocks were the top losers while energy and IT shares recovered
It was the second straight week of gains for the benchmarks.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
Here are some of the top executives and politicians who have been linked to the 2G spectrum scam in India.
The market breadth, indicating the overall health of the market turned negative from positive
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
An in-form Delhi Capitals will fancy their chances of securing a play-off berth when they face Kolkata Knight Riders in the Indian Premier League in Sharjah on Tuesday.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Sensex,Nifty to remain under pressure through the week.
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.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The Committee of Administrators (CoA), on Wednesday, met the Indian team management to discuss the communication issues, take stock of the England debacle and draw a blueprint for the upcoming Australia tour.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
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
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Oil & gas, banking and pharma sector stocks stole the show
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