The UPA's old schemes are unravelling while the new ones are still to take off, says Sunita Moga
Surrendering most of early gains, the BSE benchmark Sensex was quoting higher by 26 points in the late morning trade on Wednesday on persistent buying, mainly in realty, metal, banking and consumer durable sectors.
Heavyweights like Reliance, L&T, Tata Motors, ICICI Bank, HDFC Bank, Bharti Airtel, TCS, ONGC and SBI among the draggers.
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Market breadth ended weak with 1,688 losers and 1,205 gainers on the BSE.
The market breadth in BSE ended unhealthy with 1,203 shares declining and 894 shares advancing.
BSE Metal and IT indices plummeted by almost 2%
ITC was among the top Sensex losers which ended down 3.6%.
The rupee on Monday plunged by a hefty 52 paise to slip below 54-mark for the first time in five weeks on month-end dollar demand from importers and corporates, amid the much-awaited RBI monetary policy review on Tuesday.
Markets ended flat amid a volatile trading session on Monday weighed down by banks and capital goods shares as investors turned cautious ahead of RBI's second quarter monetray policy review on Tuesday.
The 30-share Sensex ended at 19,293 down 134 points or 0.69% and the 50-share Nifty ended at 5,835 down by 37 points or 0.64%.
Markets have suddenly extended losses and is at the day's low. The Sensex has slipped 175 points at 17,346. Nifty is down 50 points at 5,267.
The Sensex advanced 61 points to close at 18,824 and the 50-share Nifty jumped 15 points to close at 5,719 levels.
Markets ended lower on Monday, amid profit taking at higher levels after sharp gains in the previous sessions, weighed down by fast moving consumer goods shares.
Benchmark share indices ended lower on Wednesday weighed down by selling pressure in bank shares on concerns of rising non performing assets in wake of the economic slowdown. Selling in metal and capital goods shares also dampened market sentiment.
Losses largely came from the metal index, followed by power, infrastructure, realty, PSU, oil and gas, capital goods, FMCG, healthcare, auto and banking.
Markets pared early gains and ended on a flat note, weighed down by profit-taking in Oil & Gas and Auto shares. The Sensex ended at 17,850 - up three point. Nifty ended flat at 5,415.
The US move came after the Justice Department said that hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world.
Tata Motors was the top Sensex loser, down nearly 4%
Market breadth on the BSE was rather unhealthy with 1,436 stocks having declined against 973 advancing ones, on the BSE.
The three companies, after witnessing the increased presence of international hotel companies over the last few years, are making very little or no fresh investments in building hotels under their own brands.
The market breadth on BSE ended weak with 1,616 shares declined and 1,097 shares advanced.
The overall breadth was negative as 1,658 stocks declined while 1,048 stocks advanced.
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Jindal Steel was the top Sensex loser.
The sources said Gandhi wants India to lead in the niche area which comes after software development.
While many are sweating in the current environment, Rakesh Jhunjhunwala's portfolio has done well and seen new additions.
The Sensex ended lower by 63 points at 17,059 and the 50-share Nifty shed 16 points to close at 5,179 levels.
The key infrastructure sectors had grown 5.6 per cent in the same month last year.
the sensational new trailer from Sony Pictures is a a fanboy-pleasing little chunk of cinema that should rev us up in time for its July 3 release date.