The sharp fall in Infosys scrip dragged down the market.
The sharp fall in Infosys scrip dragged down the market.
Stock markets around the world crashed on fears that the war of words between the United States and North Korea could escalate into a nasty war.
The historic 10,000 level proved to be short-lived as the Nifty closed with a negative bias and the Sensex lost from its life high after investors went for profit in recent gainers.
The growth prospects in developing Asia for 2017 have improved on the back of stronger than expected export demand in the first quarter of this year, says the ADB report.
Tax was raised on Monday, resulting in an increase of as much as Rs 792 for every 1,000 cigarettes.
The inflation data is raising hopes the Reserve Bank of India could cut interest rates by 25 basis points (BPS) at its next policy review on Aug 1-2.
SEBI relaxed entry norms for overseas investors, rationalized 'fit and proper' criteria as also simplified other requirements.
The broader Nifty too breached the 9,600-level, also in a first, before settling at a record high of 9,595.10.
The 30-share index stayed in the negative zone throughout the session and hit a low of 30,393.72.
The benchmark BSE Sensex closed up 0.25 percent at 30,658.77, while the broader NSE Nifty ended 0.14 percent higher at 9,525.75.
The market opened on a positive note and scaled to new lifetime intra-day highs at 9,517.20 and ended the day on record closing high.
The markets also fell back on better than expected quarterly earnings, which came as a feel-good factor.
The consumer price index (CPI) based retail inflation for March 2017 was revised slightly upwards to 3.89 percent, from 3.81 percent recorded previously.
All the sectoral indices, led by metal, healthcare, auto and banking, were trading in green with gains of up to 1.02 percent.
Other Asian markets were trading higher following an overnight positive lead from European and US markets.
The 30-share index rose over 150 points in morning trade to recapture the 30,000-mark, hitting a high of 30,069.24, but later lost momentum to fall to 29,804.72.
The Nift managed to stay above the psychologically-crucial 9,300.
Mumbai: Markets raced past milestones on a record-setting spree on Wednesday, with the benchmark Sensex closing above the 30,000-mark for the first time, while the broader Nifty hit a new peak, buoyed by unabated funds inflows and a global rally.Stocks saw frenzied buying, in line with global
It broke the previous record of 9,273.90 reached on April 5.
According to official data released Monday, food prices saw a sharp rise of 3.12 percent in March compared to 2.69 percent in the previous month.
The largest public sector shipyard in the country in terms of dock capacity expects to raise Rs 1,400-1,500 crore through the IPO.
Investors continued to soak in BJP's superlative show in UP and Uttarakhand, which is seen as giving an impetus to the government's reforms drive.
Forex dealers said a weakening dollar against other currencies and domestic stock markets zooming to new highs with the NSE Nifty hitting a record 9,122.75 points in opening trade kept the rupee going.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends.
Financials and industrial stocks, which benefited the most in the post-election rally, are the biggest gainers.
Jio, he said, will continue to offer free voice calls and national roaming post April 1, when its promotional free voice and data offer ends.
Profit- booking by retail investors dragged small-cap and mid-cap indices lower by 1.52 percent and 1.16 percent, respectively.
The Nifty posted two consecutive sessions of gains, while the Sensex snapped two straight days of losses.
RBI's decision to keep rates unchanged caught the stock markets off-guard with a sharp plunge in the Sensex within minutes of the policy announcement amid a heavy pounding of bank stocks.
Sentiments also got a boost after finance minister Arun Jaitley proposed to bring down the fiscal deficit to 3.2 per cent of GDP from 3.5 percent.
The benchmark BSE Sensex rose 64.15 points, or 0.23 per cent, to 27,720.11 in early deals.
The Sensex slumped 194 points ahead of the budget to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5 pc for 2016-17.
IT stocks plunged over 4 percent, knocking off more than Rs 33,000 crore in market valuation of top five firms, after a new H1-B Bill in the US set off concerns that it will adversely impact hiring plans of Indian technology firms.
In a major decision on divesting stake in state-run general insurance companies, the cabinet approved the public listing of 5 firms by which the government's shareholding in them would be brought down to 75 percent.
The IPO, which will open for bidding on Jan. 23, will see some of BSE's shareholders selling a total of 15.4 million shares.
Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks.
The much-awaited public offer of BSE will see the sale of approximately 3 crore shares by the existing shareholders.
The BSE Sensex made a modest recovery of over 43 points at the start on fresh buying, buoyed by a pick-up in infrastructure sector in November coupled with firm Asian cues.
The 50-share Nifty edged down by 6.30 points, or 0.08 percent, to close at 8,179.50.
The Sensex surged over 260 points on Friday to close at over a fresh two-week high of 26,626 on the final trading session of the year.
Mumbai: The rally in the previous session proved to be a temporary breather as the NSE Nifty Monday slumped to a 7-month low of 7,908 and the Sensex below 26,000, hit by talk of higher taxation after prime minister's remarks. On Saturday, prime minister Narendra Modi had said market participants
Market observers say that investors' sentiments will be influenced by trends in rupee movement, global crude oil prices and the assessment of the demonetization impact.
Breaking a string of losses of the past seven days, the Sensex ended above the 26,000 level by racking up modest gains today, aided by pharma, auto and capital goods, but registered a weekly drop.
The NSE Nifty fell by 60.50 points, or 0.73 per cent, at 8,121.95.
Retail inflation eased to multi-year low of 3.63 percent in November on account of sharp drop in prices of food items, reflecting weak demand as consumers grappled with cash crunch following demonetization.
Financial stocks were among prominent gainers after RBI decided to remove the incremental Cash Reserve Ratio (CRR) of 100 per cent from December 10.
The benchmark Sensex reversed its two-day rally as it fell 156 points to end at 26,237 as RBI left interest rate unchanged at 6.25 percent, contrary to market expectations, in its first policy review since the currency switch.
The Sensex has touched a high of 26,469.93 points and a low of 26,418.05 points during the intra-day trade so far.