The flows may stem and redemptions pressure increase following the market meltdown of Monday amid mounting cases of coronavirus infection globally.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But that may not necessarily mean flow of more investments into India, unless investors are assured, besides important economic factors and impartiality of institutions, that social disharmony will not cause unexpected disruptions.
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
The decision will embolden populists across the continent.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
The broader NSE Nifty climbed 61.60 points, or 0.58 per cent, to close at 10,772.05.
Investor wealth on Wednesday diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market.
A rally in Reliance Industries and Kotak Bank helped the index recover some of the losses
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options.
Equity markets in Pakistan and Bangladesh are tiny compared to the market capitalisation of the Indian equity market.
The broader 50-issue NSE Nifty edged up just 0.10 points to close at 10,806.60
Over 25 per cent of the net flows have been directed toward the large-cap category as investors preferred to put money in the top 100 stocks by market capitalisation because the segment has been the most resilient over the past year.
The 50-share NSE Nifty also cracked the 10,600-level by falling 259 points, or 2.39 per cent, to close at 10,599.25 after hitting a low of 10,547.25.
Overall, in the last five straight sessions, the index has lost nearly 1,129 points.
Investors started booking profit at record highs in absence of cues from global markets that remained closed for the New Year holiday.
The 50-share NSE Nifty too lost 34.50 points, or 0.33 at 10,458.35 after shuttling between 10,525.50 and 10,447.15.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The 30-share Sensex shed 82 points or 0.4% to close at 21,775 levels and the 50-share Nifty was down 24 points or 0.4% at 6,493.10 levels.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
'India is possibly the most fiscally constrained market in the region.'
The broader NSE Nifty after shuttling between 10,451.90 and 10,595.75 finally ended 100.30 points, or 0.96 per cent, higher at 10,582.50.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
11 top defensive stocks in the information technology (IT), pharmaceutical and fast moving consumer goods (FMCG) sectors made a new all-time high, while cyclical stocks saw a sell-off.
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
BSE Bankex and Telecom indices led the fall.
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
The 30-share Sensex ended down 211 points at 20,091 and the 50-share Nifty slipped 87 points to close at 5,991.
Previous peak in 2010 crossed in first five-and-a-half months this year.
Relativity Media Founder and CEO Ryan Kavanaugh plans to sell off his Malibu beach house for $10.5 million.
Officials said there had been no official word or indication from the top yet. The expectation from officials is to do what they can, but it is understood that all fiscal and budgetary targets don't matter anymore.
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.
Weakness in the rupee against the US dollar also weighed on domestic stocks. The local unit fell 11 paise to 70.60 against the US dollar intra-day.
It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its Netherlands unit.
Forex traders said a stronger dollar also dragged the rupee down.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
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