Early on Monday morning, the chairman of the government-appointed board of Satyam Computer Services, Kiran Karnik, hurried into the Taj President Hotel in south Mumbai to begin one of India's strangest corporate sell-offs.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.
India attracted $1.4 billion FIIs in November, says a report by HSBC.
Rupee closed at 61.86 against the dollar on Tuesday.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
In their most lively but contentious face-to-face debate, Republican and Democratic presidential candidates John McCain and Barack Obama sparred over their respective economic, healthcare, energy and education policies, promoting their ideas to mostly undecided voters and slamming the other's as doomed to failure.
This is the fourth straight weekly plunge for both the indices.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
The domestic currency has tumbled by 104 paise, or 1.63 per cent, in last six trading days.
India is Asia's third-best performing equity market.
At the BSE, 1,964 stocks declined and 871 advanced while 99 remained unchanged.
Despite Thursday's sell-off, the Sensex opened with a positive gap of 121 points at 11,068, on the back of the positive cues from the overseas markets. The index, thereafter, firmed up and rallied to a high of 11,339 - up nearly 400 points from the previous close.
Forced to sell off their best players to keep afloat, many eastern European soccer clubs found themselves easy prey for wealthier rivals from the continent's top leagues in the early rounds of the Champions League and UEFA Cup.
It was the second straight week of gains for the benchmarks.
Amidst concerns of liquidity crunch due to weak sentiments in stock markets across the globe, investors have started winding up their positions in commodities such as gold, silver and nickel. Investors are selling off their positions in commodities market globally because of the liquidity crisis owing to weak stock market trends internationally, analysts said.
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
After fighting for over four years, Groupe Danone and the Wadias have struck a deal that will see the French food giant exit their biscuit joint venture, Britannia Industries Ltd.
To tighten the noose around unscrupulous transporters indulging in diverting public distribution system (PDS) food to the open market, the Delhi government has decided to install global positioning system (GPS) in vehicles ferrying ration items such as wheat and rice.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Investors lost close to Rs one lakh crore (Rs 1 trillion) on Monday as the market gave a thumbs down to the interim Budget FY'2009-10, which failed to provide any sops for key sectors.
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Rupee ends flat after hitting 9-1/2 month low.
He assured fears of food shortages were far-fetched.
Rupee hits new low at close against dollar.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
Total market capitalisation of BSE listed firms stood at Rs 101.49 lakh crore on March 31.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
The sell-off in the equity markets, especially by foreign institutional investors, could have a ripple effect across asset classes and adversely impact consumer spending.
The deal is expected to be struck at $150 million (about Rs 600 crore). If the deal goes through, it will mark the entry of Indian companies in Hollywood studios.
Top 9 Sensex firms lose over Rs 1 trillion in market cap.
In the next two years, invest in leading companies in key sectors and buy more when prices fall further.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Volkswagen is looking at ways to cut costs and boost cash flow.
The government on Friday slashed the import tariff value on gold to $398 per ten grams while raising it marginally on silver to $643 per kg in line with global trends.
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