Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 47.9 in July, down from 50.9 in June, its lowest mark since February 2009, and highlighted the first deterioration in business conditions in 2017 so far.
Markets went off the rails as Sensex crashed 1,689 points and Nifty over 541 points in early session after a surprise Donald Trump win and the government's move to withdraw high value notes, but managed to pull back towards the fag-end of the day to close 339 points lower.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The NSE Nifty shut shop at 5,101, down 23 points.
The market breadth was positive, out of 2,946 shares traded, 1,752 advanced and 1,107 declined on the BSE.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
While Daiichi Sankyo acquired a majority share in the country's biggest drug-maker Ranbaxy, Eisai and Astellas have chosen to set up wholly-owned subsidiaries to promote their patented medicines in the country. In a communication to the Nikkei Stock Exchange on November 18, Astellas said its subsidiary Astellas Pharma India in Mumbai was set up as a marketing arm to sell its immunology and urology medicines.
The markets opened flat on Tuesday on weak cues from Asian markets. The Nifty extended losses in late noon trades as European markets opened in the negative. It slumped to a low of 5,218 as Tata Power declared lower-than-expected Q3 numbers.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Barring oil and gas, all BSE sectoral indices finished in the green.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The Sensex opened with a negative gap of 146 points at 9,902. Aggressive profit-taking in banking, metal and realty stocks saw the index slip lower as the day progressed. Also considerable weakness in global markets, on possibility of GM filing for bankruptcy, weighed on the market sentiment. Asian peers like Hang Seng, Nikkei, Taiwan, Straits Times and Seoul dropped 3-5% each. The Sensex touched a low of 9,521, and finally ended with a loss of 480 points (4.8%) at 9,568. T
The main factors contributing to the above-50.0 PMI reading were growth of both new orders and output as market conditions returned to normal and led to subsequent improvement in demand.
The Nifty closed at 5,114, lower by 27 points. The market breadth was fairly negative. Of 2,844 shares traded on BSE, 1,471 declined, and 1,322 rose.
The NSE Nifty ended at 2,620, up 43 points. The BSE IT index surged 3% to 2,072. The Oil & Gas index gained 1.8% at 5,724. On the other hand, the FMCG index dropped 1.7% to 1,854.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
The indices closed with losses for the week, with the Sensex declining 476.14 points, and the broader NSE Nifty falling 155.45 points during the period.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
'We expect the Reserve Bank of India to deliver a 25 bps rate cut in April to support growth.'
The Midcap and the small cap indices also fared well, up above 2.5% each.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
India's services industry expanded at its fastest pace in eight months in October as new business rose with discounting probably stoking demand, a survey showed on Wednesday.
The NSE Nifty ended at 2,995, down 147 points. The market breadth was negative - out of 2,638 stocks traded, 1,566 declined, 998 advanced and the rest were unchanged on Wednesday.
The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015.
The NSE Nifty ended at 3,513, down 93 points. The market breadth was extremely negative - out of 2,652 stocks traded, 2,164 declined, 442 advanced and the rest were unchanged on Wednesday.
The NSE Nifty is down 216 points at 3,602. The market breadth was extremely negative - out of 2,677 stocks traded, 2,369 declined, 281 advanced and 27 were unchanged on Monday.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
The market breadth was fairly positive - out of 2,724 stocks traded, 1,782 advanced, 858 declined and the rest were unchanged today.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
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