The S&P BSE Sensex shed 112 points to close at 27,167 and the Nifty50 dropped 35 points to finish at 8,336.
Profits of domestic brokerages fell substantially in the quarter ended March 31, thanks to subdued participation of retail investors and continued increase in the share of the low-margin options segment in the overall market volume.
Stock markets, which are facing the heat of political uncertainty over the 2G spectrum scam, have come under pressure as investors are pulling out their money to invest in the primary market.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.
The 30-share index surged 499.79 points or 1.84 per cent to settle at 27,626.69.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
Technical analyst will not be able to give contrary recommendations regarding a company
Shares of power, IT, tech, utilities and capital goods firmed up
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
Broader market underperformed the headline indices
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
The BSE Mid-Cap index was currently up 0.81%.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Volatility is part and parcel of stock market.
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
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Of the 30-share Sensex pack, 15 today closed in the red
Bank shares were the top losers along with index heavyweight RIL
Experts said a future rate cut would depend on the inflation.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
The winter session of Parliament will commence on November 26.
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