Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
"Patel's resignation will shake foreign and domestic trust in the RBI's autonomy and shows that a red line has been crossed."
Some companies are sitting on huge piles of cash.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
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.
Rentals for office space in Mumbai rise around 5-10 per cent, says a survey.
The inflows from foreign institutional investors of $29 billion last year gave the markets above-normal liquidity. This year, the trade has reversed in favour of the developed markets.
Forex traders said a stronger dollar also dragged the rupee down.
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Most companies reporting an improvement in operating margins in Q1 as they cut ad spends and other expenses.
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
The recent three-bank merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
'People always short-change the resilience of the economy.'
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Tech Mahindra IPO is worth subscribing as it is attractively priced
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Analysts attribute this outperformance to the government's proactive economic reform measures
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
Here's why consumers are shifting to large brands.
RIL's December quarter performance is likely to be muted
'Gold could return 10% to 12% in the next two-three years.'
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
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