Bharti Infratel, Lupin and Hindustan Petroleum Corporation will be excluded from the Sensex 50 index and these firms will be replaced by Bajaj Finserv, Britannia Industries and JSW Steel
Analysts said disappointment in earnings is adding to market woes
Deteriorating macro fundamentals, lacklustre earnings by key manufacturing companies led to slide
'We are deploying our cash as this market is poised for a short-term rebound,' said Andrew Holland, chief executive officer at Avendus
Since April 11, 18 Sensex stocks have given negative returns, while 12 have been positive
The 30-share index Sensex of BSE rallied 461 points or 1.35 per cent to settle at 34,761 while NSE's Nifty50 index reclaimed the crucial 10,450 level to shut shop at 10,460, up 159 points.
Increasing crude oil prices, a sliding currency and mounting trade tension are the reasons
The valuation of RIL plunged by Rs 151.80 billion to Rs 7.9 trillion
The rupee rebounded from its historic low of 72.91 (intra-day) against the dollar to 71.86 in afternoon trade
The Bank Nifty index fell 1.4 per cent, while the Nifty PSU Bank index declined 3.55 per cent, the most since August 10
The 30-share index closed at 38,312, while the Nifty 50 closed at 11,582.35, down 98 points or 0.84 per cent
Analysts attribute the resilience of Indian markets amid the recent EM turmoil to overall macro stability and domestic flows
The Sensex rose 352 points, or 0.95 per cent, to end at 37,337, led by gains in index heavyweight ITC, whose shares rose 5.24 per cent
Positive start to the earnings season also supported momentum and helped defy subdued global cues
Inexperienced investors, in particular, should take refuge in the balanced advantage category, which invest in a mix of equity, debt and arbitrage opportunities
The markets are riding piggyback on only a few stocks
Dollar returns at just 0.3% in 10 years, thanks to rupee depreciation; global trade war to weigh on future gains
India best-performing market in 2018 with a gain of 7%; previous all-time high was on Jan 29
Kotak Mahindra Bank, M&M, TCS and HUL rallied in the range of 21% to 26%, while Asian Paints, IndusInd Bank and Infosys up 11% to 19% from their January 29 levels.
At 02:30 PM; the S&P BSE Sensex was up 308 points at 35,966, rallied 1,063 points or 3% from 34,903 levels on June 5, 2018.