The BSE Mid-Cap index was currently down 1.25%
The S&P BSE Sensex ended up 232 points to settle above 27,000 at 27,010 for the first time since October 28, 2015.
A partial United States government shutdown over President Donald Trump's demand for $5.7 billion to build a wall along the US-Mexico border entered its 23rd day on Sunday making it the longest shuttering of federal agencies in the country's history, with no end in sight. The closure, which began on December 22, broke a decades-old record by a 1995-1996 shutdown under former US President Bill Clinton that lasted 21 days.
Corporate Affairs Minister Veerappa Moily on Tuesday lashed out at global credit rating agency Standard and Poor's (S&P) for describing Prime Minister Manmohan Singh as "unelected" leader and saying the comment "smacked of politics".
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
The agency had earlier said that the economy would grow at the rate of 5.8 per cent. In a teleconference, S&P said the revision was occasioned because of the positive policy responses by the country and improving global conditions, despite the deficient rains and lurking swine flu.
L&T was the top gainer in the Sensex pack, rising over 3 per cent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank, SBI and HDFC Bank. NSE Nifty surged 168.05 points to 14,653.05.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
The minister, who was addressing a press conference on the sidelines of the IMF-World Bank annual meetings, said that there would be lot of action on the reforms front in the next 24 months, the timeline provided by the S&P.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Indian market has been plagued by negative sentiment and triggers
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Global credit rating agency Standard & Poor's has indicated that Indian stock markets are overvalued currently, recommending underweighing of the markets next year.
A summary of sports events and persons who made news on Tuesday
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
President Barack Obama on Monday strongly defended US credit after a historic debt downgrade by rating agency S&P and said America will always be AAA nation as its economic problems were 'eminently solvable', given the political will.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
Companies spent less money buying back their shares from the public last year than at any time since 2015. They announced buybacks of up to Rs 14,341 crore, show numbers from primary market tracker Prime Database. The total amount spent was Rs 13,597 crore. Both the amounts are lower than what was offered (Rs 39,564 crore) and spent (Rs 36,517 crore) in 2020.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Markets ended in green on rate cut hope.
S&P's specific concern is that: "US policymakers might not reach an agreement on how to address medium- and long-term fiscal challenges."
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Market participants are now awaiting Thursday's meeting of the European Central Bank
Inflation is estimated to be around 8 per cent in FY15 and is likely to decline further towards 6.5 per cent in FY16, Citigroup said.
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
A favourable monsoon and government support to the rural economy are among the reasons that agrochemical companies, including makers of pesticides and fertilisers, have done well.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
Broader gains were capped as investors awaited corporate results from major firms
The market breadth, indicating the overall health of the market, turned negative from positive
The Dow has never lost more than 800 points in a day.
After revising the sovereign outlook for India from stable to negative, Standard & Poor's Director for Sovereign and International Public Finance ratings Takahira Ogawa says the fiscal position holds the key to future course of action.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
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