Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
In recent past, midcap stocks have performed well, say experts.
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
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.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
If credit is not going to flow in response to a policy rate cut, while inflationary pressures, as well as expectations, may be stoked, a rate cut may not be appropriate at this point
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Rajan's exit will neither affect the RBI's de facto independence nor its working.
The concept of gold as an asset capable of getting anytime money is evaporating.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
The finance ministry and RBI must get less conservative and improve co-ordination.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
Food prices are also expected to move up due to the poor monsoons.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
The government on Monday ruled out the possibility of free food-grains distribution to migrants saying there is no panic situation and no complete national lockdown unlike last year.
Recommends delisting of chana futures, open to lowering sugar import duty
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Narrowing of the current account deficit will help arrest depreciation of the rupee and ease inflation concerns, industry groups said.
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
Rajan had cautioned against any deviation from the fiscal discipline path.
Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week.
A downturn in Indian demand could hit global gold prices.
After two rate hikes in less than six weeks aimed at curbing inflation, RBI Governor Raghuam Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed.
Industry bodies called for implementation of measures announced in the Budget to arrest inflation, saying these would pave the way for a stable inflation regime.
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
Food prices rose 8.64 per cent year-on-year last month, slower than an annual rise of 9.90 per cent in March.
With satisfactory progress of monsoon rainfalls prompting farmers to bring in additional area under basmati sowing, prices are set to fall lower going forward.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
Whether the rupee can regain that momentum will largely depend on foreign investors, who have been net buyers of more than $2 billion in shares over the previous 20 sessions and of $2.3 billion in bonds in March.
It was a roller-coaster week for the markets, amid talk of a fiscal stimulus by the government. Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital tell Puneet Wadhwa the recent flows into equity mutual funds are largely speculative in nature and pose a risk of reversal.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
The HSBC India Manufacturing Purchasing Managers' Index for the manufacturing industry climbed from 49.6 in October to 51.3 in November on the back of a rebound in new orders and output.
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
