The government allocated Rs 650 billion for petroleum subsidies in FY14, of which Rs 450 billion was used to pay oil marketing companies for the subsidy gap incurred in the previous financial year.
The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
BSE Bankex and Telecom indices led the fall.
The 30-share Sensex ended higher by 30 points.
#GiveItUp but no matching LPG connections for BPL
The broader markets are outperforming the benchmark indices.
While going back to the old bill is only a face saver, there is little in the bill that will excite industry or the markets, says Shishir Asthana.
Large and small businesses alike have delivered low-key performances.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
However, IT stocks fell on weak growth forecast by Gartner
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Banks and realty among the most hit on account of high borrowing costs.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
The Sensex ended in red on domestic concerns.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
ONGC and RIL bill their consumers like fertiliser plants and power stations in US dollar.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Most of the index heavyweights are yet to declare their results.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
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.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Weakness in Infosys, L&T and Hindalco cap index gains.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
Sensex ends in green on boost from bluechip stocks.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
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