With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
'A lot of people -- whether farmers, students or businessmen -- think when they take a loan, that everything will go well and they will pay back.' 'Sometimes, things don't go well.'
The Central Bureau of Investigation has found no criminality in the allocation of about 60 coal blocks, which are likely to be taken out of the purview of its ongoing probe after taking the Supreme Court's permission.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Sensex ends in green, bluechips in spotlight.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
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Banks, real estate and metal scrips among the top losers.
Self-proclaimed heir of Rani Rashmoni, lottery baron join businessmen in the list of MP-aspirants with assets worth over Rs 100 cr, reports Abhineet Kumar.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Bank shares were the top gainers led by ICICI Bank.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.
The government is auctioning 42 coal mines among 204 coal blocks.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571.
Traders blame demonetisation for subdued demand in retail segment
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
The government has so far closed bids for 13 blocks.
The Centre on Wednesday told the Supreme Court it would examine the current status of development in 61 coal blocks allocated to companies, on a case-by-case basis, and take a decision within six weeks.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
Pharma shares extended losses after the government's ban on combination drugs.
Bank shares were the top losers after sharp gains last week.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
According to technical analysts, the Nifty could trade in the range between 7,400 and 7,700.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Markets crashed due to domestic worries; bluechip stocks tanked too.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Adani Power bagged Jitpur mine in Jharkhand.
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