Shares of the HDFC duo led the fall in the indices, shedding up to 2.94 per cent. IndusInd Bank, Axis Bank, Maruti, Bajaj Finserv, PowerGrid and SBI were among the other major laggards.
In the Sensex pack, IndusInd Bank was the top gainer, soaring around 8 per cent, followed by Bajaj Finance, Axis Bank, PowerGrid, ONGC, ICICI Bank, Sun Pharma and M&M.
Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
IndusInd Bank, Kotak Bank, ICICI Bank, Sun Pharma, Bajaj Finance and Ultratech Cement were prominent gainers. NSE Nifty rose 176.65 points to 14,867.35.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
L&T was the top gainer in the Sensex pack, rallying 4.81 per cent, followed by M&M, Sun Pharma, Tech Mahindra, NTPC, SBI, ICICI Bank and Titan.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
The S&P BSE Sensex surged 160 points to close at 25,262.
Markets under pressure; IT financials grab spotlight.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Sensex climbs higher at close, bluechip stocks in focus.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Technical rallies and short covering may arise only if the markets break this 500 point band
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Markets end in the red, midcaps in focus
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Financials are the top gainers along with index heavyweights.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Weak monsoon forecast rekindled fears of higher inflation.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
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