Oil tanked to a 7-year low as OPEC decided to maintain production.
They, however, called off their nationwide strike
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
When big offers hit the market, broader indices corrected 2-4%
Efforts to retrieve the body would continue on Wednesday.
The first lot of 74 mines will be auctioned to specific end-users and allocated to state-owned entities by March.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Four companies --TCS, Coal India, Wipro and Bharti Airtel -- saw decline in their market-cap.
The depth of water from the surface till the bottom of the pit is expected to be over 150 feet, Navy officials said.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
However, the National Disaster Response Force, which has been engaged in the rescue operation since the day of the tragedy on December 13 last, will continue with their services.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion
As investors struggle to find quality stocks following the sharp rise in the benchmark indices, four brokerages give their picks.
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.
Yes Bank, Wipro, Kotak Bank, M&M, Sun Pharma, Maruti, HDFC, Hero MotoCorp, Infosys, TCS, L&T, Bajaj Auto and HUL were among the top gainers, rising up to 6 per cent.
The NSE Nifty settled the day 96.80 points, or 0.94 per cent lower, at 10,224.95
The combined market capitalisation (m-cap) of five of the country's top10 firms grew by Rs 35,237.57 crore (Rs 352.37 billion) during last week, with Coal India emerging as the second most valued company after Reliance Industries.
In an interview with Business Standard, CIL Chairman Singayapally Narsing Rao attributes the performance to volume growth but adds a decision on price hike will be taken at an appropriate time.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
'The government wants foreign companies to capture the insurance market.'
Power and Coal Minister Piyush Goyal warned that it would take years to alleviate coal supply shortages, which have reduced stocks at thermal power stations to their lowest since a huge blackout in 2012 cut off 620 million people.
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Indonesian coal making its way to India provides about a third less energy than supplies from South Africa or Australia.
IT giant Tata Consultancy Services (TCS) on Tuesday slipped to fourth position in the list of the country's most valued companies, below Reliance Industries, ONGC and Coal India Ltd.
If we basically expect the government to use taxpayers' money to intervene every time when there are some 'sunsets,' then I think you introduce possible moral hazards: Subramanian.
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
The document also recommends setting up of a high-level committee with the task of examining the option and asking it to submit a report within six months.
PSUs will get direct allotment.
The judiciary has sent a strong message against crony capitalism.
The rally was led by IT stocks, with TCS and Infosys rising up to 5 per cent. Yes Bank, on the other hand, was the biggest loser on both the bourses, cracking nearly 12 per cent
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
