Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
Will Infy spring a surprise in subdued second quarter?
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
Sensex dull at close, Infosys rules, ITC drags.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
The rupee fell to a two-year low of 64.84 against the US dollar.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Short-term gains are always unpredictable.
Lewis Hamilton was 'shocked' with the pace of Mercedes after notching a record-extending eighth pole position at the Australian Grand Prix ahead of team mate Valtteri Bottas as they thrashed their Formula One rivals in qualifying on Saturday.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Sensex seems to be under pressure on weak cues.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
For the seven months since February 2014, the benchmark index surged nearly 27%.
Gold has pushed lower as a result of Chinese selling.
The Nifty had hit its third successive record high of 7,922.70 today.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
