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 BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Both the indices ended at their highest levels since February 1.
The Reserve Bank of India's move to raise ceiling on NRE rupee deposits have prompted IDBI, Union Bank of India and Yes Bank to increase interest rates on fixed deposits of non-resident Indians.\n\n
India Meteorological Department has predicted deficient rains.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Asset financing firms are still witnessing subdued demand and meaningful recovery is likely only in FY16, the report said.
It was the second straight week of gains for the benchmarks.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Coal India was the biggest gainer on both Sensex and Nifty
The government is likely to name a successor to Rajan sometime this month
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
The reputation of the Indian cricket board (BCCI) has been ruined by the freezing of its bank accounts, its president Anurag Thakur said on Tuesday, after a Supreme Court-appointed panel blocked it from making two payments to its state units. The panel asked two banks to halt the disbursements after the board ignored some of the panel recommendations for reforming the world's richest cricket board, which has been criticised for a perceived lack of transparency.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
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