The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Large moves in equity and in currency are expected during March settlement.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
Food and fuel are two perennial areas of concern.
The May Nifty option chain and the three-month Nifty chains offer several signals worth noting.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
Unlike mutual funds, an ETF trades like a common stock.
Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
The markets are in bubble territory.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The index had risen over 585 points in the previous three sessions.
A fall presents an opportunity to buy rate-sensitive stocks.
Gains were led by Tata Motors amid robust sales in June along with select financials.
India's GDP for the three-month period ended September 30 grew 7.4%.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
After a volatile session, Sensex closed the day 563 points lower
The Nifty had crashed to a new 21-month low of 6,825 while the Finance Minister was speaking.
According to fund managers, expectations of a 25-basis-point increase in the cash reserve ratio of banks have heightened in the wake of RBI's surprise twin moves to make short-term money dearer as part of its attempts to curb the rupee's volatility.
Most Asian markets ended with gains.
Markets taking cue on future rate cuts from RBI policy.
Sensex sinks into red at close on growth concerns.
It's been a roller-coaster ride since 2015 Budget.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Banking and real estate stocks rise up to 5% on further rate-cut hope.
The markets will remain choppy ahead of RBI policy.
Through the past 12 months, the Bank Nifty has risen 55%
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
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
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
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.
The trend still looks bullish but there are bursts of profit-booking above 7,250.
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