'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Any government aid to the airline will ultimately hurt the economy
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Since Modi sarkar came to power in May 2014, markets have been trading volatile.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Markets ended in green on rate cut hope.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
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