In recent past, midcap stocks have performed well, say experts.
Will give truer reflection on price movements of food products, impact of cereal procurement prices.
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
Sensex has shed over 150 points in afternoon trade.
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
Vegetable, fruit prices to be on the rise over weak supply, crop damage
Investors turned cautious after India's trade deficit widened to a more than three-and-a-half-year high of $16.6 billion due to costlier crude oil imports
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
According to a new report published by Switzerland-based BIS, which is also referred as 'bank for central banks', the US Federal Reserve's announcement of a possible phasing out of easy money regime has resulted in 'abrupt and sizeable' equity market losses in both advanced and emerging markets.
According to official figures, retail inflation in June touched its lowest mark at 7.31 per cent since January 2012.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
The global economy may just be entering a new phase.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
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.
A rate cut will bring positive sentiment around the Budget.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
The RBI's macroeconomic report released after the close of markets said upside risks to food inflation remain and that it expects the retail and wholesale price inflation to remain above comfort levels.
The broader NSE Nifty cracked below the key 10,400-mark to touch a low of 10,336.30, before finally ending 15.95 points, or 0.15 per cent, down at 10,410.90.
With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
Experts feel oil prices will remain volatile with an upward bias.
This is the BJP's first full-year Budget.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
There's need to address growth, but weak rupee putting pressure on prices.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
Economic recovery in US, euro zone help; new orders sub-index at 52.4
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
The panel finds 'discrepancy' in the Annual Survey of Industries data.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
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